China says last year’s GDP growth was worth more than Australia’s whole economy

From scmp.com

China’s added GDP last year exceeded the value of Australia’s total output, the country’s statistics agency said as it sought to highlight the country’s economic resilience. In 2018, China’s economic growth rate slowed to the lowest level in 28 years – a fact that has fanned concerns about the country’s economic outlook. In response Beijing is trying to direct attention to the absolute value of its growth and highlight the country’s ongoing role as the engine of the world economy. Last year’s growth figure was still a healthy 6.6 per cent – well above those of the G7 economies – and China ... (full story)