BEIJING — China’s economy is slowing, and the slowdown is probably worse than Beijing says. Official numbers released on Monday show an economy that is posting new, but manageable, lows. That’s the weakest pace of growth since 1990, when China’s economic miracle stumbled in the aftermath of the crackdown on protesters in Tiananmen Square the year before. As slowdowns go, the numbers indicate a mild one befitting a big, maturing economy like China’s. Monthly data released on Monday also suggested better-than-expected consumer spending and industrial production in December, raising the possibility that growth is stabilizing.

Source: New York Times January 21, 2019 03:33 UTC