China’s growth slows to 28-year low, more stimulus seen

Poor sentiment: A container is unloaded from a China Ocean Shipping Company cargo vessel at a port in Yantai, Shandong province. China’s growth last year was affected by poor consumer sentiment brought about by the ongoing US-China trade war which weighs on profits for firms ranging from Apple to big carmakers. — Reuters

BEIJING: China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising US tariffs, dragging2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown.

Growing signs of weakness in China – which has generated nearly a third of global growth in recent years – are fuelling anxiety about risks to the world economy and are weighing on profits for firms ranging from Apple to big carmakers.