China's real economic growth rate (preliminary figure) excluding price fluctuations for July-September 2019 was 6.0%. The quarterly growth rate fell to a historically low level, falling below 6.2% in the April-June period, which was the lowest since 1992.
The Chinese National Statistics Bureau announced on the 18th. It was less than the market forecast of 6.1%.
Looking at the economic indicators released at the same time, investment and production were sluggish in the first nine months due to uncertainty about the future due to trade friction between the US and China. There was even no consumption that contributed to 60% of economic growth.
On September 1, the United States and China launched the “fourth” additional tariff, which appears to have adversely affected exports and production.
The growth rate from January to September was 6.2%. The National Bureau of Statistics evaluated that “Economic management is generally stable,” but the growth rate has been declining every quarter, approaching below the government's annual target of 6.0 to 6.5%. ing. (Beijing = Naoyuki Fukuda)
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