Consumption growth in 2019 likely to slowdown: official from China’s Commerce Ministry

With economies around the world, including the United States and the EU, taking measures to mitigate China’s trade policies, China’s economy witnessed a historic slowdown in 2018. As part of that slowdown, the Chinese car market touched its 30-year low.

On Tuesday, as per a statement from an official from China’s commerce ministry, the consumption growth in the country is likely to slow down further in 2019. The official went on to add, the slowdown faced by the Chinese economy in 2018 was due to “periodic” weak car sales and housing-related spending.

Wang Bin, the commerce ministry official stated, retail sales in 2019 is growing at a relatively fast pace.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: