China’s economy grew at a slower pace of 6.4% in the fourth quarter of 2018, marking its weakest expansion in nearly three decades. The economic slowdown is seen as a result of both domestic and global pressures, including trade tensions with the US and a broader weakening in global demand. Despite the slower growth, China’s GDP still expanded by 6.6% for the full year of 2018, meeting the government’s target range of 6.5-6.6%. Analysts predict that Beijing will implement further stimulus measures to boost the economy in the face of ongoing challenges.


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