China’s 2018 growth likely to be slowest in 28 years
World’s second largest economy expected to report annual GDP growth rate of 6.6%
Beijing — China is expected to report on Monday that its economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising US tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. Growing signs of weakness in China — which has generated nearly a third of global growth in the past decade — are stoking worries about risks to the world economy and are weighing on profits for firms ranging from Apple to big carmakers. Chinese policymakers have pledged more support for the economy in 2019 to reduce the risk of massive job losses, but they have ruled out a “flood” of stimulus like that which Beijing has unleashed in the past, which quickly juiced growth rates but left a mountain of debt. Analysts polled by Reuters expect the world’s second-largest economy to have grown 6.4% in the October-December quarter from a year earlier, slowing from the previous quarter’s 6.5% pace and matching levels last seen in early...
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