empty
 
 

2020.01.1702:18:00UTC+00China's GDP Growth Steady At 6%

China's economy expanded at a steady pace in the fourth quarter of 2019, data from the National Bureau of Statistics showed Friday.

Gross domestic product grew 6.1 percent year-on-year in the fourth quarter, the same rate as seen in the third quarter and in line with expectations. The 6 percent was the lowest in nearly three decades.

In the whole year of 2019, the economy grew 6.1 percent, which is well within the target of 6-6.5 percent. Economists had forecast an annual growth of 6.2 percent.

Further, data showed that growth in industrial production accelerated unexpectedly to 6.9 percent in December from 6.2 percent in November. The rate was expected to ease to 5.9 percent.

Retail sales expanded 8 percent annually, as seen in November, and slightly faster than the expected rate of 7.9 percent.

In the year-to-date period, fixed asset investment was up 5.4 percent versus the expected rate of 5.2 percent.

The surveyed jobless rate rose slightly to 5.2 percent in December from 5.1 percent a month ago.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback