business

China's economy grew at slowest pace in 28 years in 2018

9 Comments
By Ryan McMorrow

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© 2019 AFP

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9 Comments
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6.5% is still a higher growth rate than both Japan and the U.S. and many other countries.

1 ( +3 / -2 )

@ ArtistAtLarge : 6.5% is the PRC claimed rate. Most economists say it is much lower, probably around 3% which is poor. Some even say Zero percent. I would say the US and Japanese economies are ticking along much stronger. PRC probably thought they could grow at over 10% forever Lol!

0 ( +6 / -6 )

Had to happen eventually.  Happens to all economies that are modernizing.  Finally the growth generated by that upgrade slows.  Focus will move to countries like Myanmar and Cambodia and Laos and......

2 ( +2 / -0 )

China has been fudging the numbers for years, and has been preparing for the inevitable, as shown by their rush to modernize military forces, introduce the social points system, expand minority concentration camps, crank up the Taiwan rhetoric, militarize international and foreign waters, exploitation of African nations,etc.

If I was a communist dictatorship supported by fickle nationalist populism, I’d also be doing the most I could to weaken any potential civil uprising.

3 ( +4 / -1 )

Sometimes, I think people should mind their own country's economy. China have their problems but Japan ???.U have many basic problems. not only economy But 101 more problems, there is a proverb , look at yr own feet before U find faults with others feet.

-3 ( +2 / -5 )

Never mind: I'm sure unelected dictator Xi will take all the blame for this.

3 ( +4 / -1 )

Sometimes, I think people should mind their own country's economy. China have their problems but Japan ???.U have many basic problems. not only economy But 101 more problems, there is a proverb , look at yr own feet before U find faults with others feet.

If you read Japanese language media, you’d find that 90% of the content is about Japanese domestic problems. Foreign issues are usually only covered when it affects Japan.

2 ( +3 / -1 )

China's ultra-massive population requires a high growth rate - otherwise, it'd take decades or even centuries to help all of the more than a billion people

A good trickle is still but a trickle to a lake

0 ( +0 / -0 )

I don't trust those figures either. But to be honest, at the stage of China's current economy, having a higher growth rate would be more concerning because it'd mean it's funded by more debt. As their economy continues to mature, the growth is supposed to slow down.

2 ( +2 / -0 )

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