Chinese Vice President Wang Qishan attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2019. REUTERS/Arnd Wiegmann
January 23, 2019
DAVOS, Switzerland (Reuters) – China’s economy will continue to achieve sustainable growth despite global uncertainties, Chinese Vice President Wang Qishan said on Wednesday, days after the second-largest economy posted its weakest economic expansion in nearly three decades.
“There will be a lot of uncertainties in 2019, but China’s economy will continue to achieve sustainable growth,” Wang told delegates at the World Economic Forum in Davos.
Earlier this week, China said its economy cooled in the fourth quarter due to faltering domestic demand and bruising U.S. tariffs.
Fourth-quarter gross domestic product grew at the slowest pace since the global financial crisis, easing to 6.4 percent year-on-year, as expected. That pulled full-year growth down to 6.6 percent, the slowest annual pace since 1990. GDP in 2017 grew a revised 6.8 percent.
(Reporting by Leika Kihara in Davos, Meg Shen in Hong Kong and Lee Chyen Yee in Singapore; Editing by Catherine Evans)