Plus Of 6.6 Percent. Only! The Chinese economy has grown to 2018 to its lowest level for almost three decades. How hard it is to meet with German companies?
China’s growth has grown slowly since 1990, no more lag in 2018, with 6.6 per cent, but still slightly above the official target (of 6.5 percent) for the year as a whole. The office for national statistics said in Beijing.
The growth in the fourth quarter fell to the end of 2018, compared to the same period last year, to just 6.4 per cent – a similar low Plus like last 2009 after the outbreak of the global financial crisis.
Trade conflict creates uncertainty
The Outlook for the new year are regarded as unfavourable: The world Bank, and experts expect the Chinese gross domestic product (GDP) will fall 2019 under 6.5 percent. How strong is the brand under the steps, is likely to depend on whether the people’s Republic can resolve the trade dispute with the United States. US President, Donald Trump is calling for a greater opening up of the market and an effective fight against the theft of intellectual property and forced technology transfer.
Under the economic weakness in China, the export-dependent German economy has to suffer. “Although it is to be expected with no dramatic slump in demand for German Goods, however, the German companies will have to adapt to the new realities,” said Max Zenglein, head of the program, the economy at the China Institute Merics.
Low rate in the case of China’s birth
As an additional burden for the Chinese economy could be in the future, the demographic change. Despite the abolition of the One-child policy was born, according to the statisticians in 2018, two million children less than a year earlier. The equivalent of only 10,94 babies born for 1000 inhabitants. The Rate is at the lowest level since 1949, even though the government had relaxed its restrictive birth policy. Since 2016, China allowed two children per Couple, after, since 1979 a One-child policy had been applied. The reason for the easing concern about an ageing population and the associated labour shortages.
wa/uh/sti (dpa, rtr)