Wednesday, November 13, 2019

Posted at: Oct 19, 2019, 8:36 AM; last updated: Oct 19, 2019, 8:36 AM (IST)

China’s GDP growth slumps to 27-yr low

Beijing, October 18

China’s growth slumped to 6% in the third quarter of 2019, its lowest level in nearly three decades, as the world’s second largest economy struggled to overcome the impact of a bruising trade war with the US and sluggish domestic demand, according to official data released on Friday.

The GDP grew at 6% in the quarter ended September, the weakest quarterly growth rate since 1992 and down from 6.2% in the previous quarter, according to data from the National Bureau of Statistics (NBS). — PTI


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