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The U.S. trade war slowed China’s 2019 economic growth to its weakest pace in nearly 30 years

January 17, 2020

Via: Fortune

China’s gross domestic product grew 6.1% in 2019, the country’s slowest rate of economic growth since 1990.

The GDP was in line with the official target range of 6% to 6.5% for 2019, a year where economic growth was marred by the effects of the U.S.-China trade war.

“China’s growth in 2019 was affected considerably by the trade war with the U.S., which brought down exports and, via weakened sentiment and confidence, weighed on investment in manufacturing,” said Louis Kujis, chief Asia economist at Oxford Economics.

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