Categories U.S. Markets News

China growth to slow down in 2019 on slumping domestic demand, tariff concerns

A Reuters poll suggests that China’s economy might slow to 6.3% in 2019 due to weakening domestic demand. The US tariffs added to the Asian countries woes.

This expected growth of the Chinese economy would be the lowest in 2018.

The economy was expected to grow 6.6% in 2018, while it grew 6.9% in 2017.

With talks between the US and China resuming, many have been optimistic about a further suspension in planned tariff hikes which was expected this month.

China Economy 2019
Beijing, China (Courtesy: Raj Eiamworakul)

While 2018 started off very good for the world’s second-largest economy, but borrowing costs soared later in the year with lending becoming risky, making it hard for small businesses to receive funding. This led to default in bonds.

Soon the US tariff crisis caught up, which was a hit to Chinese trade.

While there is optimism on the issue, the trade dispute does not seem to agree on a deadline by March.

Even if an agreement is reached, the market expects it only to offer a slight relief to the Sino economy. It is still up to China to bolster its domestic investment and demand.

Analysts also say that with domestic headwinds remaining strong, the economy is expected to soften further.

In the fourth quarter of 2018, growth fell to 6.4%. It was 6.8% in the first quarter.

China is expected to post its fourth quarter and 2018 GDP growth next week, on January 21.

However, with regulators fast-tracking infra projects, investments have seen moderate growth. Yet, retail sales growth has hit lowest since 2003 and the property sector is also in dire straits.

While China has been looking to many measures to boost its growth, the slowdown has not been arrested. Now all eyes are on Beijing to roll out something to avert further slump in the economy.

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Comments

  1. Pingback: Faculty expertise
  2. Pingback: Community service
  3. Pingback: research
  4. Pingback: Dental Medicine
  5. Pingback: appareil fitness
  6. Pingback: squat avec barre
  7. Pingback: metanail serum pro
  8. Pingback: Fiverr Earn
  9. Pingback: Fiverr Earn
  10. Pingback: Hooled luce led
  11. Pingback: fiverrearn.com
  12. Pingback: fiverrearn.com
  13. Pingback: fiverrearn.com
  14. Pingback: livpure buy
  15. Pingback: flatbed broker
  16. Pingback: fiverrearn.com
  17. Pingback: fiverrearn.com
  18. Pingback: french bulldog
  19. Pingback: jute rugs
  20. Pingback: jewelry kay
  21. Pingback: sorority necklaces
  22. Pingback: micro frenchie
  23. Pingback: smartphones
  24. Pingback: future university
  25. Pingback: future university
  26. Pingback: future university
  27. Pingback: Fiverr.Com
  28. Pingback: Fiverr.Com
  29. Pingback: fue
  30. Pingback: lean manufacturing
  31. Pingback: FUE
  32. Pingback: Secure storage
  33. Pingback: Classic Books 500
  34. Pingback: Fiverr.Com
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: Aussie porn
  38. Pingback: pupuk terbaik
  39. Pingback: partners
  40. Pingback: actiflow
  41. Pingback: gluco trust
  42. Pingback: bulldog frances
  43. Pingback: FiverrEarn
  44. Pingback: live sex cams
  45. Pingback: live sex cams
  46. Pingback: live sex cams
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: science
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: cheap sex cams
  58. Pingback: fullersears.com
  59. Pingback: french bulldog
  60. Pingback: Freeze dried
  61. Pingback: frt trigger
  62. Pingback: 늑대닷컴
  63. Pingback: Bonus free spin
  64. Pingback: allgame
  65. Pingback: 918kiss
  66. Pingback: หวย24
  67. Pingback: pg slot
  68. Pingback: cybersécurité
  69. Pingback: itme.xyz
  70. Pingback: Bokeo Thailand
  71. Pingback: masumintl
  72. Pingback: ItMe.Xyz
  73. Pingback: itme.xyz
  74. Pingback: itme.xyz

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top