News analysis

Slowdown in China may get worse before tapering off

Experts say data indicates uncertainties like spat with the US have caused drag on sentiment

An employee at a paper products factory in Hangzhou, in eastern Zhejiang province. China's economy is slowing down again and that is likely to continue into the first half of this year.
An employee at a paper products factory in Hangzhou, in eastern Zhejiang province. China's economy is slowing down again and that is likely to continue into the first half of this year.PHOTO: AGENCE FRANCE-PRESSE

It's confirmed. China's economy is slowing down again and that is likely to continue into the first half of this year.

China released its fourth-quarter gross domestic product (GDP) numbers yesterday, showing that the economy has slowed to 6.4 per cent, putting the full-year's growth for last year at 6.6 per cent, the slowest pace since 1990.

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A version of this article appeared in the print edition of The Straits Times on January 22, 2019, with the headline 'Slowdown in China may get worse before tapering off'. Subscribe