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Instant View: China's economic growth slows to 6.1% in 2019, near 30-year low [Reuters]

IHS Markit Ltd. Common Shares (INFO) 
Last ihs markit ltd. common shares earnings: 3/24 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.ihsmarkit.com
Company Research Source: Reuters
Instant View: China's economic growth slows to 6.1% in 2019, near 30-year low (Reuters) - China’s economy grew 6.0% in the fourth quarter of 2019 from a year earlier, official data showed on Friday, in line with expectations and steadying from the previous quarter’s pace. The growth rate continued to hover at the weakest in nearly three decades. The world’s second-largest economy grew an annual 6.1% in 2019, the slowest in 29 years but still within the government’s target of 6-6.5%. Analysts had expected it to expand 6.1% in 2019, down from 6.6% in 2018. Facing sluggish demand at home and abroad and escalating U.S. trade pressure, Chinese policymakers have been rolling out a stream of growth boosting measures over the past two years, while trying to contain financial and debt risks. Asian stocks inched up on Friday after the GDP data, adding to modest early gains. The yuan firmed slightly. “The annual numbers are what we were expecting. Secondary industries seem to be stabilizing, but Show less Read more
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