|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

China’s GDP Continues Slump for 3rd Consecutive Quarter

BEIJING – The growth of the Chinese economy continued to slow down in the third quarter of 2019 pointing towards an economic slump, according to data released on Friday.

China’s GDP – which is at its lowest since March 1992 when data began to be officially be registered – slowed down further to 6% compared to the 6.4 and 6.2 percent growth registered in the first and second quarters of the year, respectively.

This confirms projections although GDP growth was lower than the 6.1% forecast.

The data, released by the National Bureau of Statistics, showed that China’s GDP registered a 6.2% growth year-on-year during the first three quarters, reaching the figure of 69.78 trillion yuan (around $9.8 trillion).

The data shows that despite registering a high growth rate compared to the rest of the world, China is facing a downward spiral due to the effects of the trade war with the United States and other factors, such as low domestic demand triggered by debt-reducing measures.

However, the figures are in line with Beijing’s growth target for the year, which was announced to be in the range of 6 to 6.5%.

Other data released on Friday included industrial output, which grew at 5.6% year-on-year in the first three quarters, 0.8% lower than the growth recorded in the same period last year.

NBS spokesperson Mao Shengyong said the figures showed that the economy had continued to grow at a “generally stable” rate and the economic structure had been constantly optimized.

He added that despite structural adjustments and downward pressure, China would “resolutely” continue with its reform and opening policies and try to stabilize areas such as employment, the financial sector, foreign trade and investment.

However, he warned that the situation inside China and abroad was “complicated and severe,” global economic growth was slowing down and there were increasing “external uncertainties.”

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2020 © All rights reserved