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BEIJING (Reuters) - China’s economy cooled in the fourth quarter under
pressure from faltering domestic demand and bruising U.S. tariffs,
dragging 2018 growth to the lowest in nearly three decades and
pressuring Beijing to roll out more stimulus to avert a sharper slowdown.
Growing signs of weakness in China — which has generated nearly a
third of global growth in recent years — are fueling anxiety about risks
to the world economy and are weighing on profits for firms ranging from
Apple to big carmakers.
Policymakers have pledged more support
this year to reduce the risk of massive job losses, but have ruled out a
“flood” of stimulus like that which Beijing has relied on in the past,
which quickly juiced growth rates but left a mountain of debt.
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