China's Economy Grew 6% in Fourth Quarter as Demand Stabilized
Friday, 17 January 2020 09:14 WIB | ECONOMY |ekonomi China GDP China

China™s economy stabilized last quarter after slowing to the slowest pace in almost three decades, as rising demand and easing trade tensions supported sentiment.

Gross domestic product rose 6% in the final quarter of 2019 from a year earlier, the same as in the previous three-month period and the median estimate.

The world™s second-largest economy expanded by 6.1% in 2019, slower than 6.6% the previous year

Industrial output rose 6.9% in December from the same period the previous year, versus the median forecast of 5.9%

Retail sales rose 8% versus an estimate of 7.9%

Fixed-asset investment rose 5.4% in the year, versus an estimate of 5.2%

The signing of the phase-one trade deal this week combined with recovering global demand have improved the outlook for Chinese factories and exporters in 2020. However, it remains to be seen whether that carries over into a sustained recovery, with increased investment and consumption domestically.

Source : Bloomberg

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