China’s GDP grew 5 per cent last year despite US President Donald Trump’s tariff war, as booming exports offset more anaemic growth in the domestic economy.
The full-year figure, which was in line with Beijing’s official target and the average of a survey of analysts by Bloomberg, came as GDP growth decelerated in the fourth quarter to 4.5 per cent.
The fourth quarter figure was in line with analyst forecasts but down from 4.8 per cent in the third quarter.
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