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NBS: China’s 2019 GDP up 6.1% on year, within target

For 2019, China’s gross domestic product grew 6.1% on year to Yuan 99 trillion ($14 trillion), with the final result coming within the central government’s targeted range for last year of 6-6.5%, according to National Bureau of Statistics (NBS) data released on the release on January 17. “Most of the tasks were fulfilled, laying a solid foundation for China to develop into a well-off society,” NBS commented.
Despite foreign media headlines about China’s GDP languishing at a 29-year low, NBS showed its satisfaction at the economic growth for 2019, though the result was lower than the 6.6% growth recorded for 2018. The quarterly breakdowns showed that GDP growth for the fourth quarter of 2019 was flat from the previous quarter, also at 6%,

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