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China’s economic growth slows to record low 6.0 pc in 3rd quarter - Statistics Bureau

China’s economic growth slows to record low 6.0 pc in 3rd quarter - Statistics Bureau

India Blooms News Service | @indiablooms | 18 Oct 2019, 08:16 am

Beijing (Sputnik/UNI) China’s gross domestic product (GDP) grew by 6.2 percent during the first three quarters of 2019, while in the third quarter, it increased by 6.0 percent, which is the slowest growth rate in 27 years on the record, the country’s National Bureau of Statistics said in a report issued amid China’s trade row with the United States that sparked a decrease in the Asian country’s economic growth.

"According to preliminary calculations, China’s GDP growth during the first three quarters year-on-year amounted to 69.779 trillion yuan [$9.8 trillion].

 

The year-on-year growth is 6.2 percent," the report read.


The report noted that the 6 percent economic growth in the third quarter was lower than analysts’ forecast that expected the GDP to increase by 6.1 percent.
China set the 2019 GDP growth target at 6-6.5 percent.  

China’s economic growth slows to record low 6.0 pc in 3rd quarter - Statistics Bureau

India Blooms News Service
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