Current Affairs

China GDP growth Slows Down to 27 Year Low

Current context: China’s GDP growth slowed to 6.2% in the 2nd quarter of this year, the weakest in 27 years
China GDP growth Slows Down to 27 Year Low
  • This is said to be the weakest growth rate of the 2nd largest economy
  • The reasons said to be are a trade war with the U.S. and weakening of global demand
  • The GDP growth rate slips down to 6.2% from 6.4% of the first quarter
  • The slowdown is of concern as it was once a resilient economy, even during the 2009 world economic crisis did not dip below 6.4%
  • The Chinese economy expanded 6.3% year-on-year in the 1st half of 2019, according to China's National Bureau of Statistics (NBS)
  • The growth is said to be in line with the government’s annual target range 6-6.5%
  • The U.S.-China fight is damaging the economies of the countries with the U.S. imposed $250 billion tariffs on Chinese imports and Beijing on $110 billion in US products

Question: 

Q.1 Which country was recently in news for having the weakest slowdown in 27 years/3 decades in growth rate (GDP)?
a. U.S.
b. U.K.
c. China
d. India
China GDP growth Slows Down to 27 Year Low China GDP growth Slows Down to 27 Year Low Reviewed by Neha Verma on July 16, 2019 Rating: 5

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