Economy
China’s fourth quarter slips to 6.4%
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.
-
Banking & Finance1 month agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
Uncategorized2 months agoOman’s ISWK Cambridge Learners Achieve ‘Top in the World’ and National Honours in June 2025 Cambridge Series
-
Economy2 months agoPrime Minister of India Narendra Modi to Visit the Sultanate of Oman on 17-18 December
-
News1 month agoJamal Ahmed Al Harthy Honoured as ‘Pioneer in Youth Empowerment through Education and Sport’ at CSR Summit & Awards 2025
-
Economy2 months agoOman’s Net Wealth Reaches $300 Billion in 2024, Poised for Steady Growth
-
News2 months agoIHE Launches Eicher Pro League of Trucks & Buses in Oman
-
News2 months agoLiva Insurance Honored with ‘Insurer of the Year’ Award for 2025
-
News1 month agoAI Security Conference 2025 Hosted by Securado Highlights the Changing Cybersecurity Landscape

You must be logged in to post a comment Login