China's two-child policy implemented in 2016 has failed to make an impact on the country's low birth rate as the number of new-borns dropped by two million previous year in the world's most populous nation, according to official figures released Monday.
The official figure is in line with the estimates of economists polled by Reuters and slightly above the 6.5% target growth Beijing set past year.
But in a surprising remark, Fang Xinghai, vice-chairman of China's Securities Regulatory Commission, told a seminar in Davos that he expected economic growth to slow to 6 percent this year from 6.6 percent in 2018, stressing China's slowdown won't be a "disaster".
Growth in 2018 was the lowest since 1990's 3.9 per cent in the aftermath of the violent crackdown on pro-democracy protests centred on Beijing's Tiananmen Square the year before.
But observers say the US-China trade war is now hitting consumer sentiment, as well as capital spending.
But these measures have so far failed to reverse the slowdown which saw activity levels in manufacturing fall close to or just under contraction levels in December. Shares rose in Shanghai and Hong Kong on Monday, Jan. 21, 2019, as China reported that its growth fell to a three-decade low of 6.6 percent in 2018.
The talks will be held between Chinese Vice Premier Liu He and United States trade representative Robert Lighthizer to work an agreement before the March 1 deadline failing which President Donald Trump has threatened to slap additional tariffs on all Chinese exports to the US. Retail sales growth has also fallen to its lowest level in more than a decade.
Those two sectors in 2017 achieved 10.2 and 6.6 percent, respectively, while the general GDP closed at 6.8.
Teens facing expulsion for taunting Native American man
Then, he said , the Native American protesters approached the students, including Mr Phillips, who was playing his drum. This behavior is opposed to the church's teachings on the dignity and respect of the human person", they said.
CHINA-US TRADE: Stock markets had been buoyed Friday by a Bloomberg News report that Chinese officials offered to buy more goods and services from the USA, potentially eliminating its trade deficit by 2024. "Still, with the headwinds from cooling global growth and the lagged impact of slower credit growth set to intensify in the coming months".
China had 222 million people aged 60 years or older as of 2015, according to Xinhua News Agency.
The deteriorating situation in China, a market that businesses around the world rely upon for growth, is having a widespread impact.
The figures suggest that China may no longer be able to help shore up weakening global growth, as it has in the past. "We believe deregulating the property markets in big cities is the key to unlocking a growth recovery", said analysts from Nomura.
As fears for a sharp slowdown mounted amid uncertainties over whether the trade war will be brought to an end any time soon, Beijing has been drumming the message that it has plenty of room to deploy measures to spur economic growth.
Ning stressed that China's domestic market had enormous potential, so trade disputes with Washington could not change the main vector of development of the country's economy, which is very shock-resistant. Last month, iPhone maker Apple issued its first revenue warning in almost 12 years, citing weak Chinese demand.
"The financial pressure of life in the city makes the idea of having a child nearly impossible", Cai said.
In 2016, China eased its family planning policies to allow parents to have as many as two children, instead of one.