China’s stocks rally after worst economic growth in almost 30 years leads to hopes the government will step in with stimulus
|01/21/2019||Posted by BusinessMediaguide.Com under General World News||
- Global stock markets are mixed Monday after the Chinese economy slumped to its slowest rate of annual growth in almost three decades.
- Chinese stocks climbed on optimism the government will react to the bad news by increasing stimulus efforts on the country’s economy
- European investors, however, were less heartened, with stocks on the continent falling in the first hour or so of trade. Futures also point to a drop in US stocks at the open later on Monday.
- The Chinese economy grew by 6.6% over a year earlier, down from 2017’s 6.9%, official data suggested on Monday, marking the lowest annual increase in read more >>>