China is expected to report on Friday that economic growth slowed to its weakest...
BEIJING - China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus steps are expected this year to help avert sharper slowdown.
Analysts polled by Reuters expect the economy to have grown 6.0 percent in the October-December quarter from a year earlier, unchanged from the previous quarter’s pace, which was the slowest since the first quarter of 1992, the earliest quarterly data on record. China will release its fourth-quarter and 2019 gross domestic product data on Friday , along with December factory output, retail sales and fixed-asset investment.
The United States and China signed a partial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products. But most of the tit-for-tat levies imposed by the two sides over the past 18 months remain in place and a number of thorny issues are unresolved, raising the risk of a renewed flareup in tensions.
Beijing has been relying on a mix of fiscal and monetary steps to weather the current downturn, cutting taxes and allowing local governments to sell huge amounts of bonds to fund infrastructure projects.
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