China Economic Update Q4 2018
The report reveals a variety of significant key figures as well as an overview on the economic situation in China to enable an assessment of the current status and provide a foundation for all future prognosis.
Fourth quarter GDP growth came in at 6.4%, slightly short of expectations. Nevertheless, 2018 GDP growth made to 6.6%.
The negative effects from US tariffs finally sank in, dragging down foreign trade while import decelerated faster than export.
Consumer price inflation settled at moderate 2.1%, producer price increases however, fell sharply.
Service sector and retail sales continued growing, however with slower pace.