BEIJING: China's economy grew at its slowest pace in nearly three decades in 2018, losing more steam in the last quarter as it battles a massive debt pile and a U.S. trade war, official data showed Monday.
China's economy expanded by 6.6 percent past year, according to official data.
Gross domestic product rose 6.4 per cent in the fourth quarter from a year earlier, matching economists' estimates, and compared with 6.5 per cent in the previous three-month period.
Growing signs of weakness in China - which has generated almost a third of global growth in the past decade - are stoking worries about risks to the world economy and are weighing on profits for firms ranging from Apple to big carmakers.
Last July, a top political advisory body warned that China's labor supply will fall by 100 million every 15 years after 2020, urging the government to enact more incentives for having children.
Last December China's exports fell to United States dollars 221.5 billion registering biggest plunge in two years amid the trade war with US. For 2018 as a whole the country's GDP expanded by 6.6%, which was the lowest rate since 1990.
Trade negotiators are facing an early March deadline and Washington has threatened to sharply hike tariffs on Chinese goods if there are no substantial signs of compromise from Beijing.
Growth in investment, retail spending and factory activity all declined, though analysts pointed to a flicker of improvement in manufacturing in December.
Serena Williams vs Simona Halep, Australian Open 2019
Halep was up against Venus Williams in the third round at Melbourne Park and powered her way to a 6-2 6-3 victory in the match. Williams has yet to drop a set since beginning play at the Australian Open. "At the same time I would love for Venus to win".
Large Swath of US Prepares for Major Winter Storm System
The storm was expected to bring up to 10 inches (25 centimetres) of snow to the Midwest before walloping the Northeast on Sunday . Temperatures in many places could be in the single digits and in the negative degrees with the windchill factored in.
Communist leaders are trying to steer China to slower, more self-sustaining growth based on consumer spending instead of trade and investment. "There may be some more uneven growth along the way, but the hi-tech industries, the high value-added ones, also have the advantage of being relatively less credit dependent than the older industries which have become the zombie companies of today", said Mann.
The number of people aged over 60 now constitute 17.9% of the Chinese population, adding to its demographic challenges and fuelling fears that the country might be headed towards economic stagnation like Japan.
China's economy is closely watched internationally, as many worldwide corporations consider it a key market in reaching their own growth targets.
Most analysts polled by Reuters at the beginning of this year believe the yuan will weaken below 7 within six months.
This decline, which follows trends seen in other East Asian countries after decades of urbanization and development, comes despite efforts to encourage couples to have more children, including the relaxation in 2016 of population controls.
Trump said Saturday that trade relations with China were "going very well" and "a deal could very well happen".
Meantime, a downturn in iPhone sales in China has hurt Apple Inc.'s share price this month and raised question marks over whether the consumer can keep cushioning the economy's re-balancing. The People's Bank of China has been quietly guiding interbank borrowing costs down without actually cutting official interest rates, and the fiscal authorities have pressed on with tax cuts and expedited government bond sales, among other policies.
Labour MP Ian Murray, who represents Edinburgh South, has also been critical of the his leadership's approach. He said holding a second referendum on Britain's European Union membership has to remain an option.
A modern take on the 25 year franchise , Power Rangers: Battle for the Grid showcases stunning graphics with vivid details. I'm not sure what that means, but it does seem very familiar to another fighting game that looked to do the same.
Sinn Féin MP for Foyle, Elisha McCallion, also hit out at the incident, saying "it is not representative of the city". Last night Tánaiste Simon Coveney condemned the incident in a tweet, calling it a "terrorist attack".
She may not be the only black candidate in the field, with others like New Jersey Senator Cory Booker also considering a run. Her sister Maya, who will be her campaign chair, is a former senior adviser to Hillary Clinton's presidential campaign.
The 23-time Grand Slam champion, however, bulldozed her way through the set in 20 minutes, serving it out with an ace. Halep also ended Serena's 21-set Australian Open winning streak, that dated back to her 2017 title.
The heaviest snow was expected between midnight and 6 a.m., with snow lingering in some areas into the afternoon and evening. The weather service says precipitation totals will be around 1 to 2 inches across the region before the rain moves out.
She has gone out in the first round four times, in the second round three times (once to Laura Robson), in the third round once. The whole match I was trying everything. "We had a really great battle a couple weeks ago, one of the best matches I've played".
The Chicago Bulls and Houston Rockets have completed the Carmelo Anthony trade, the teams announced Tuesday . Complications over whose draft rights could be included in the deal also delayed the trade.
In a surprising statement, the Israeli military confirmed on Monday that it attacked Iranian military positions in Syria . Damascus residents say they heard five explosions on Sunday, apparently the sound of air defenses firing into the air.
The final stages will begin shortly after that with the whole astronomical event wrapping up shortly before 1 a.m. According to BBC, the eclipse will begin at 2.35 am GMT in the United Kingdom and will last till 7.49 am GMT.
The youngest player remaining in the women's draw blew the highly rated Belarusian off the court 6-3 6-2 in a little over an hour. Caroline Wozniacki and Maria Sharapova are two of the biggest names in tennis meaning we should get a good tennis match.
Chinese University Fires Scientist Behind Gene-Edited Babies
They also said that He, his staff and organisations related to his project would be punished according to laws and regulations. He, the scientist, said the twins' DNA was modified using technology known as CRISPR-Cas9 to alter the embryonic genes.
Mexico: Deadly blaze erupts at illegal fuel pipeline
Dozens of people were scrambling to fill containers with the leaking oil when they were engulfed by a massive fireball. But there aren't enough trucks, and long lines continued on Wednesday at gas stations in several states.
Greg Hardy disqualified from UFC debut for illegal knee strike
All eyes were on this bout after Ostovich was almost forced off the card due to an alleged assault at the hands of her husband. Hardy was convicted of domestic abuse in 2014 but the charges were later dropped when the victim failed to appear in court.
Tsitsipas leads 'Next Gen' charge against Federer
At 4-5 in the third, Tsitsipas forced his first two break points of the entire match but Federer weathered that storm. So much respect for him. "Roger is a legend of our sport, he showed such good tennis over the years.