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China says its economy grew 6.6 percent in 2018.
That’s the lowest official pace in 28 years


China on Monday announced that its official economic growth came in at 6.6 percent in 2018 — the slowest pace since 1990.

That full-year figure matched expectations from analysts polled by Reuters.

Fourth-quarter GDP growth also matched expectations, coming in at 6.4 percent on-year from 6.5 percent in the third quarter.

...

Although Beijing’s official GDP figures are tracked as an indicator of the health of the world’s second-largest economy, many outside experts have long expressed skepticism about the veracity of China’s reports.

“The official GDP figures have been too stable in recent years to be a good guide to China’s economic performance,” said Julian Evans-Pritchard, senior China economist at Capital Economics, a research house.

...

More at:
https://www.cnbc.com/2019/01/21/china-2018-gdp-china-reports...
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