China has ample room for macro policy support - stats bureau chief
BEIJING, Jan 21 (Reuters) - China has ample room for macro
policy support, Ning Jizhe, head of the National Bureau of
Statistics said on Monday, after the world's second-largest
economy grew at the slowest pace since the global financial
crisis in the fourth quarter of 2018.
China has confidence and the capacity to achieve reasonable
growth this year, Ning said, adding that the slowing economy has
shown some signs of stabilisation over the past two months.
Ning said that while the China-U.S. trade war has affected
China's economy the impact on growth is manageable.
China's economic growth cooled slightly in the fourth
quarter from a year earlier as expected, weighed down by weak
investment and faltering consumer confidence as Washington piled
on trade pressure, leaving 2018 growth the weakest in 28 years.
(Reporting by Chen Yawen and Beijing Monitoring Desk
Editing by Shri Navaratnam)
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