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January 22, 2019

China’s economic growth falls to a three-decade low in 2018

China’s economic growth falls to a three-decade low in 2018
As a result of the tariff dispute with the Trump administration, China's economic growth fell to a three-decade low in 2018. The country's economy increased only by 6.6% over 2017. Also, the growth of the last three months of 2018 stopped at 6.4% from the Q3's 6.5% increase.    As reported by The Economic Times, communist leaders are trying to steer China to slower, more self-sustaining growth based on consumer spending instead of trade and investment. But the slowdown has been sharper than expected, prompting Beijing to step up ...

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