• China lowers 2019 gross domestic product growth

Market news

30 December 2020

China lowers 2019 gross domestic product growth

RTTNews reports that China downgraded its economic growth for 2019, which is set to provide a low base for the 2020 growth calculation.

The National Bureau of Statistics revised down the GDP growth for 2019 to 6.0 percent from 6.1 percent. For 2019, the government had targeted 6.0-6.5 percent annual expansion.

This year China avoided setting an economic growth target for the first time due to the uncertainty posed by the outbreak of Covid-19.

The NBS is set to publish the fourth quarter GDP data on January 18.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.