China is expected to report on Monday that economic growth will cool to slower for 28 years by 2018, due to a weakening of domestic demand and blowing US tariffs, increasing pressure on Beijing to expel more support measures to Prevent a sharper slowdown.
Growing signs of weakness in China – which have generated nearly a third of global growth over the last decade – are raising concerns about world economy risks and balancing profits for companies ranging from Apple to major automakers.
Chinese politicians have pledged more support to the economy this year to reduce the risk of massive job losses, but they have ruled out a "flood" of stimulus like the one released by Beijing earlier, which quickly sucked growth rates but left one mountain of debt.
Analysts asked Reuters that the world's second largest economy grew 6.4 percent in the October-December quarter from a year earlier, which lowered the previous quarter's 6.5 percent ace and matching levels last seen at the beginning of the year. 2009 during the global financial crisis.
That could pull GDP growth in 201
With stimulus measures expected to take some time to kick in, most believe Analysts say that conditions in China are likely to get worse before they improve and see a further slowdown at 6.3 percent this year. Some analysts believe that real growth levels are already much weaker than official data suggests.
Although China and the United States agree on a trade deal in the current negotiations, which is a high order, analysts said it would not be a paradigm for the Chinese economy nebulization unless Beijing could galvanize weak investments and consumer demand.
Chen Xingdong, chief Chinese economist at BNP Paribas, said investors should not expect the latest stimulus line to produce similar results as in the global crisis of 2008-09, as Beijing's major spending package rapidly boosted growth.
"What China can really do this year is to prevent deflation, prevent a recession and a hard landing in the economy," Chen said.
Quarterly, growth is likely eased to 1.5 percent in Oct-Dec from 1.6 percent in the previous period.
China will release GDP data for the fourth quarter and 2018 on Monday (0200 GMT) along with December supplies, retail sales and fixed assets
Since China's quarterly GDP readings tend to be unusually stable, most investors prefer to focus on the latest trends.
Surprising contractions in December Trade data and factory activity indicators in recent weeks have suggested that the economy cools faster than expected at the end of 2018, leaving it shaky at the beginning of the new year.
Sources have told Reuters that Beijing was planning to endure its growth target at 6-6.5 percent this year from about 6.5 percent in 2018.