China's 2018 growth slows to 28-year low, more stimulus seen

Where did all those Never Trump geniuses go who predicted a Disaster when President Trump went after a level Trade playing field with China?

reuters
Jan 20, 2019

Kevin Yao, Yawen Chen

6 Min Read

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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