China GDP growth Slows Down to 27 Year Low

Published on July 16, 2019
Current context: China’s GDP growth slowed to 6.2% in the 2nd quarter of this year, the weakest in 27 years
China GDP growth Slows Down to 27 Year Low
  • This is said to be the weakest growth rate of the 2nd largest economy
  • The reasons said to be are a trade war with the U.S. and weakening of global demand
  • The GDP growth rate slips down to 6.2% from 6.4% of the first quarter
  • The slowdown is of concern as it was once a resilient economy, even during the 2009 world economic crisis did not dip below 6.4%
  • The Chinese economy expanded 6.3% year-on-year in the 1st half of 2019, according to China's National Bureau of Statistics (NBS)
  • The growth is said to be in line with the government’s annual target range 6-6.5%
  • The U.S.-China fight is damaging the economies of the countries with the U.S. imposed $250 billion tariffs on Chinese imports and Beijing on $110 billion in US products

Question: 

Q.1 Which country was recently in news for having the weakest slowdown in 27 years/3 decades in growth rate (GDP)?
a. U.S.
b. U.K.
c. China
d. India

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