China's economic growth sinks to 3-decade low in 2018
23 January, 2019, 07:57 | Author: Kevin Carter
Data on Monday showed fourth-quarter economic growth cooled to 6.4 percent on-year, the weakest since the global financial crisis.
It also marks the lowest official birth rate in China since 1961 (11.87 million), the previous year of China's great starvation, during which millions of people starved to death and the birth rate plummeted.
'The resilience of the Chinese economy derives from stable macroeconomic policies (.) At the micro level, China's decision makers pay more attention to the pro-cyclical and counter-cyclical adjustment, ' Xinhua news agencyreported.
It's believed that debt cleanup and trade woes played a considerable part in China's slow growth in the last quarter.
India, the world's second most populous nation, has also been experiencing slower population growth. Referring to the U.S. trade war, he pointed to a "complicated and severe external environment" but then sought to issue a reassurance that "the economy overall is driven by domestic demand".
There are also many doubts about the consistency and veracity of Chinese statistics, given that the governments of many provinces tend to inflate results.
The number of children born in China declined for the second straight year in 2018 despite the country relaxing its one-child policy two years ago, government data released on Monday showed. The speech by Xiang Songzuo, which AsiaNews will publish in the next few hours, has been censored on the internet.
He told reporters at the White House: "Things are going very well with China and with trade". They note the government's move on Friday, just ahead of Monday's data release, to cut the 2017 growth rate to 6.8% from 6.9%, which they said provides a slightly lower base, giving a slight boost to the fresh 2018 data.
Signs of China's falling population growth had emerged when data released by some local authorities indicated a significant drop in births a year ago.
That dragged full-year 2018 growth to 6.6 percent, the weakest in 28 years. This would mean a slight downgrade on the objective past year of growth of "about 6.5 percent".
Given the slowdown, China's policymakers are looking to improve domestic consumption as they look to shift from an export-led growth regime.
The number of babies born in 2018 fell by two million to 15.23 million, raising fears an ageing society will pile further pressure on an already slowing economy.
Forecasters expect Chinese growth to bottom out this year as Beijing's stimulus efforts gain traction.
The move prompted China to increase tariffs on Dollars 110 billion of U.S. goods.
Analysts warn that a slowdown in China could seriously affect global growth, especially since many economists suspect that the real figure is around half what Beijing reports. The population, which was 1.39 billion in 2017, could fall to 1.172 billion by 2065, it added.
Employment remained stable, with more than 13 million new jobs created in urban areas past year and the surveyed urban unemployment rate standing at 4.9 percent in December.
The National Bureau of Statistics projected that the economic growth curve will continue stable and within a reasonable range in 2019 because a massive rebound in domestic consumption, the technology sector and innovations is expected.
Still, the former world No. 2 continued to fight her way back toward the top and in 2018, she piled together five title wins (St. She has not lost a set at Melbourne Park and is playing the sort of tennis that could bring her a third Grand Slam title .
The Red Devils have been in breathtaking form and have won all 6 of their games that Solskjaer has overseen. Since Solskjaer took over the England global has bagged five goals in six Premier League games.
Bush visited the Cardozo High School in the capital to spend time with volunteers, highlighting the holiday as a day of service. Trump faced criticism in 2018 for marking the holiday with a visit to his private golf course in Palm Beach, Florida.
Basically, the Lakers would have to create an open spot on the roster via trade if they're really going to add Anthony. The Rockets are working aggressively to trade Carmelo Anthony before the trade deadline.
The announcement marks a rare departure from Israel's years-long policy of ambiguity regarding activities in neighbouring Syria. Breaking the news about the attacks on Iranian positions in Syria, Netanyahu warned Iran against its anti-Israeli rhetoric.
The report also claimed Cohen has told special counsel Robert Mueller about the pressure to lie to Congress. Cohen adviser Lanny Davis declined to comment on the BuzzFeed report and said Cohen also would not comment.
After winning a number of recent penalties, Salah may be earning a reputation he will find it hard to shake off. Palace defenders reacted angrily when he went down, but referee Jonathan Moss opted not to book Salah .
The NFL has been in the spotlight for awful officiating all season and both NFL Championship Games highlighted the issues. Referee made the call. 'And then to get a phone call.' Payton said before his voice trailed off.
Handscomb was trapped plumb in front of his stumps by Chahal in the 46th over and Australia's innings rattled to a quick close. Australia are the defending champions but have endured a poor run of results following the ball-tampering scandal.
The sanctions resolution from Minority Leader Chuck Schumer, which required 60 votes to proceed, was defeated in a 57-42 vote. Tina Smith and Amy Klobuchar, both Democrats in Minnesota, voted with Democrats and 11 Senate Republicans on Wednesday.
New York Knicks big man Enes Kanter will not be joining his teammates when they face the Washington Wizards in the United Kingdom. He's now a green card holder and is on track to be a USA citizen in 2021. "I'll probably get a tampering charge or something".
Samsung Galaxy S10, S10E, and S10+ images leak
Will screen protectors block the rumored in-display fingerprint scanner? We assume it may be there for the Galaxy S10 + as well. The Samsung Galaxy S10 is one of the most anticipated phones of 2019, expected to be released early next year.
NBA roundup: Warriors score record 51 in 1st quarter
With that being said, I'm sticking with the Nuggets to keep their hot streak going at home with another statement win here. The Warriors would finish the game with 21 made 3-pointers on the night, which proved to be disastrous for Denver.