China posts weakest growth rate in nearly three decades

123RF

China's economic growth sunk to a 26-year low in the third quarter of 2019 as a trade war with Washington continues.

The world's second-largest economy expanded by 6 per cent in the three months to the end of September.

It's the weakest reading since the country started reporting data by quarters in 1993.

The strength of the Chinese economy is closely watched as slowing growth can have consequences for the global economy.

More from Business

News

  • UAE President commemorates Martyr's Day

    Marking the annually observed Martyr's Day on November 30, President His Highness Sheikh Mohamed bin Zayed Al Nahyan expressed deep gratitude to those who gave their lives "defending justice, peace, and the principles of humanity."

  • Dubai Police and KHDA sign deal to improve

    Dubai Police and the Knowledge and Human Development Authority in Dubai (KHDA) signed a memorandum of understanding (MoU) to enhance the school education system by creating a safe and sustainable learning environment.

  • UAE leaders pardon prisoners ahead of Eid al-Etihad

    Several UAE rulers have pardoned hundreds of prisoners in their respective emirate ahead of the 53rd Eid al-Etihad on December 2, the latest being Umm al-Quwain.