China’s Economy Grew At 6.6% In 2018, Slowest Rate In 3 Decades

China’s economy grew at 6.6% in 2018, its slowest rate in almost 3 decades. The world’s 2nd biggest economy was grappling with the effects of the current trade war with the US and declining exports.

In the 3 months to December, the economy grew 6.4% from a year earlier, down from 6.5 % in the previous quarter. China’s National Bureau of Statistics (NBS) stated that last year’s growth rate was down from 6.8% in 2017 and was the lowest since 1990 when the growth rate was 3.9%.

Source: News on AIR

Static/Current Takeaways Important for NIACL AO Mains Exam-

  • China Capital: Beijing, Currency: Renminbi.

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