Contrasts for the (still) booming Chinese economy

Contrasts for the (still) booming Chinese economy

Recent data points towards weakness and opportunity for the world’s second largest economy.

China’s economic growth slowed down to a 28-year low, according to data from the National Bureau of Statistics of China.

The country’s gross domestic product (GDP) grew by 6.6% in 2018, great news for U.S. and European perspectives, but very low for the standards of the previously booming Chinese economy, where 6.6% represents the lowest growth rate since 1990.

According to Statista, lackluster domestic demand paired with the cooling effects of the trade war with the U.S. on exports contributed to the slowdown, continuing a downward trend that has been going on for several years now (with 2017 being a surprise exception).

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About the Author:

Francisco Rodriguez Chapa
Businessman based in Mexico. He has been Management Director for Redpack and currently serves as the Chairman of the Board of Directors.
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