China GDP grows 6% in fourth-quarter, in line with analyst estimates

17.01.2020 - Evdokimov Roman
China GDP grows 6% in fourth-quarter, in line with analyst estimates

China released its fourth quarter GDP for 2019, showing an economic growth of 6% compared to last year. Official data showed that the Chinese economy maintained last quarter’s pace as expected by analysts.

GDP was estimated to grow by 6% in the October-December quarter, stalling at the shortest pace in twenty-nine years.

As China faced weak demands both locally and abroad amid trade pressure, policymakers launched growth-boosting activities in the past two years while maintaining control financial and debt risks.

China, the world’s second largest economy rose 6.1% in 2019, fitting in the government’s target range of 6-6.5% despite falling in the slowest growth in 29 years. Analysts estimated economic growth at 6.1%, from the 6.6% estimate in 2018.

Data showed that GDP increased by 1.5% in the fourth quarter compared to the past three months, as expected to follow the pace of the July-September quarter, said National Bureau of Statistics.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?