China revises down 2019 GDP growth to 6 per cent on lower manufacturing

China is the only major economy that's expected to grow this year, though at a slower rate of around 2 per cent, according to economists' forecasts.- AFP

BEIJING (Bloomberg): China revised down its official GDP growth rate for 2019 to 6 per cent from 6.1 per cent, mainly due to a lower estimate for manufacturing output, a change that will make it slightly easier for officials to report economic expansion this year.

Gross domestic product in 2019 was 435 billion yuan (US$67 billion) smaller than the initial estimate released in January, China's statistics bureau said on Wednesday (Dec 30). That amount is roughly equal to the GDP of Ghana last year, based on World Bank figures.