That left full-year growth at 6.1%, the slowest annual rate of expansion China has seen since 1990. Fixed-asset investment rose 5.4% for the full year, versus expectations for a 5.2% increase, the same as in the first 11 months of the year. Real estate investment rose 9.9% in 2019, slowing slightly from 10.2% in the first 11 months of the year. The economy has been slow to respond, however, and investment growth had slid to record lows. Even with additional stimulus and the trade war truce, economists polled by Reuters expect growth will cool further this year to 5.9%.

Source: bd News24 January 17, 2020 03:00 UTC