Chinese economic growth at the lowest level in 28 years
Official figures published today say that in 2018 the growth was 6.6. In 2017 there was a growth of 6.8. Among the causes: Trade war between China and the US, but also the lack of economic, political and government reforms. Doubts about the veracity of official statistics. According to some economists, in 2018 the growth was only 1.67% or even negative.
Beijing (AsiaNews) - According to data provided today by the National Statistics Bureau, the Chinese economy grew by 6.6% last year. In 2017 it had grown by 6.8. The 2018 figure marks the lowest expansion since 1990.
In the fourth quarter of 2018, GDP grew by 6.4%; in the previous quarter it had grown by 6.5%. This figure is the lowest since the first quarter of 2009.
The second world economy has slowed down for some time. The most immediate cause is the trade war between China and the United States, but many Chinese experts indicate that the slowdown is due to the need for China to face economic, political and government reforms that have been postponed for too long.
There are also many doubts about the consistency and veracity of Chinese statistics, given that the governments of many provinces tend to inflate results.
Professor Xiang Songzuo of Renmin University, citing government studies, said that in 2018, China's growth was 1.67, or even negative. The speech by Xiang Songzuo, which AsiaNews will publish in the next few hours, has been censored on the internet.