China | Better-than-expected Q4 GDP ends 2018 with slowest growth in years

Summary

Q4 2018 GDP reached 6.4% y/y, sending the full-year growth to 6.6%, which is the lowest annual growth since 1990, despite the recent easing measures and the positive signals of China-US trade relation. We believe growth deceleration is the prime risk throughout 2019 although China and the US are likely to strike a deal to end the tariff war in the coming March.

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