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China's economic growth hits 30-year low

Shortpedia

Content Team
Image Credit: shortpedia

China's economy last year witnessed growth at the slowest pace in almost three decades. As per official figures, the world's second-largest economy grew 6.1% in 2019 from the year before and it’s the worst figure in 29 years. China is suffering from weak domestic demand and the bitter trade war with US. The government is continuously experimenting with different measures over the past 2 years in to boost growth.