China's fourth quarter GDP rises 6.4 percent year-on-year, in line with forecast [Reuters]
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Source: Reuters
China's fourth quarter GDP rises 6.4 percent year-on-year, in line with forecast | Reuters 6 Min Read BEIJING (Reuters) - China’s economy grew 6.4 percent in the fourth quarter of 2018 from a year earlier, official data showed on Monday, in line with expectations and slower than the previous quarter’s 6.5 percent growth. * Q4 GDP +6.4 pct y/y (f’cast +6.4 pct, prev +6.5 pct) * Q4 GDP +1.5 pct q/q (f’cast +1.5 pct, prev +1.6 pct) * 2018 GDP +6.6 pct vs 2017’s +6.8 percent * Dec industrial output +5.7 pct y/y (f’cast +5.3, Nov +5.4) * Dec retail sales +8.2 pct y/y (f’cast +8.2, Nov +8.1) * Jan-Dec fixed asset investment +5.9 pct y/y (f’cast +6.0, Jan-Nov +5.9 pct) Asian stock markets held their nerve after the data. The Australian dollar AUD=D4 , seen as a liquid proxy for China demand, also held largely steady. “The data continues to reflect a slowdown in China that is caused by both domestic and external weakness. Some positives to take away are that IP and retail sales beat expectati
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