Asia-Pacific

China growth sinks to 3-decade low in 2018

China's economic growth has slowed to 6.4 per cent in the December quarter and 6.6 per cent for 2018, official data shows.

China's economy grew 6.4 per cent in the fourth quarter of 2018 from a year earlier, in line with expectations and slower than the previous quarter's 6.5 per cent growth.

For all of 2018, the world's second-largest economy grew 6.6 per cent -- its slowest expansion in 28 years and cooling from a revised 6.8 per cent in 2017, official data showed on Monday. Analysts had expected 6.6 per cent.

The September-December growth rate was the weakest expansion since the global financial crisis, data published by the National Bureau of Statistics showed, adding to fears of a sharper slowdown in global growth.

Analysts had expected gross domestic product to expand 6.4 per cent in the October-December quarter.

Chinese policymakers are expected to ramp up support for the economy this year to avert a sharper slowdown but analysts say activity may not stabilise until summer, adding pressure on Beijing to strike a deal with Washington to end their trade war.

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