The Chinese economy reached a volume of 99.08 billion yuan (13 billion euros) in 2019, representing an annual growth of 6.1% for the second largest world economy, compared to 6.6% in 2018, registering thus its weakest expansion rate since 1990 , although in line with the objective set by Beijing, which expected an increase in activity of between 6% and 6.5%, according to official data published by the National Statistical Office from China.

"The national economy has maintained a stable general momentum of progress in 2019," the statistical office said in a presentation. "However, we must also be aware that global economic and commercial growth is slowing down," said the agency, for which sources of instability and risks "are increasing . "

"The economy is facing increasing downward pressure," said the Chinese statistical office in reference to China's structural, systematic and cyclical problems.

The primary sector of the Chinese economy experienced an annual growth of 3.1% in 2019, four tenths less than the previous year, to 7 trillion yuan (916.407 million euros), while the industrial sector moderated its tenth expansion, up to 5.7%, with 38.6 billion yuan (5.06 billion euros), and the services sector grew 6.9%, seven tenths less than in 2018, to 53.42 billion yuan ( 7 billion euros).

In the fourth quarter, China's GDP experienced a growth of 6%, four tenths less than in the same period of 2018 and repeating the pace of the third quarter, when it marked its worst expansion rate since 1992, after having grown 6, 2% in the second quarter and 6.4% in the first three months of 2019.

"The economic structure continued to be optimized in 2019," said the Chinese statistical office, noting that the value added by the services sector to the economy accounted for 53.9% of total GDP, six tenths above the weight recorded in 2018, compared to to 39% of industry and manufacturing.

The chief economist for China of the consultant Capital Economics, Julian Evan Pritchard , has expressed confidence that the "winds against outsiders" facing the Chinese economy should relax in the coming quarters "thanks to phase one of the agreement trade (with the US) and the recovery of global growth. "

"However, we think that this will be offset by a relapse of domestic demand, which will trigger a greater monetary stimulus by the People's Bank of China," added the expert.

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