In the three months to December, the economy of China grew 6.4% from a year earlier, down from 6.5% in the previous quarter.
For the full year China expanded at 6.6%, its slowest rate since 1990.
The data was in line with forecasts but underlines recent concern about weakening growth in the world’s second largest economy. China’s rate of expansion has raised worries about the potential knock-on effect on the global economy. The trade war with the US has added to the gloomy outlook.
While China watchers advise caution with Beijing’s official GDP numbers, the data is seen as a useful indicator of the country’s growth trajectory.
Slowdown warnings
Growth has been easing for years, but concern over the pace of the slowdown in China has risen in recent months as companies sound the alarm over the crucial market.
China’s government has been pushing to shift away from export-led growth to depend more on domestic consumption. Policymakers in China have stepped up efforts in recent months to support the economy.
Those measures to boost demand include speeding-up construction projects, cutting some taxes, and reducing the level of reserves banks need to hold.
