China’s economy stabilised last quarter after slowing to the weakest pace in almost three decades, with the first acceleration in investment since June signalling that a firmer recovery could be underway. The world’s second-largest economy expanded by 6.1 per cent in 2019, slower than 6.6 per cent the previous year but in line with the government’s target. “The latest GDP and IP data provides a very positive start to the Chinese New Year for China’s economy,” said Rajiv Biswas, Asia Pacific chief economist at IHS Markit in Singapore. Per capita incomes grew 5.8 per cent in the year, below the 6 per cent real growth of the economy. “All we can say is that China’s economy is stabilising.

Source: The Irish Times January 17, 2020 06:56 UTC