China’s economy grew by 6.1 percent over 2019, official data showed on Jan. 24, being the lowest annual growth in almost three decades.
The slowing growth rate, which sits within the lower bound of the official target of 6 to 6.5 percent, was a drop from 6.6 percent in 2018. It came amid increasing pressure from a weak labor market, the US-China trade war, sky-rocketing meat prices, and domestic banking jitters.
