In the News: 2018 GDP Growth, US-China Trade Deficit, and Shenzhen Bankruptcy Court

January 22, 2019 | BY

Jacelyn Johnson

Chinese economic growth hits 28-year low; report reveals China's plan to eliminate trade deficit in six years; and Shenzhen launched a new bankruptcy court.

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China Reports Slowest GDP Growth in 28 Years at 6.6%

China's National Bureau of Statistics (NBS) released its preliminary estimation of 2018's gross domestic product at $13,245 billion, a year-on-year growth of 6.6%, just above the targeted growth of 6.5%, making it the slowest growth rate over the last 28 years.