The world's second-largest economy cooled to its slowest pace in almost three decades in 2019, with China posting year-on-year growth of 6.1% - a further sign that the protracted trade war with the US has taken a toll.
India need not seek solace in China's economic growth slowing to a three-decade low of 6.1 per cent despite impacted by trade war with the U.S. as it is still growing at a faster pace, said experts.
Beijing's trade spat with the U.S., stuttering global growth and weakening domestic demand combined in its joint-worst slowdown in seven years.
China's per capita disposable income stood at 30,733 yuan (4,461.95 USA dollars) in 2019, up 5.8 per cent year on year in real terms, according to official data released by the NBS.
The pace of growth in gross domestic product for 2019 was down from 6.6% the previous year and marked the smallest annual increase since 1990. Per capita incomes grew 5.8 per cent in the year, below the 6 per cent real growth of the economy. And December industrial output, investment and retail sales all rose more than expected after an improved showing in November.
The moderation in full-year growth reflected lower demand for Chinese goods, which has been dampened by the trade war with the USA, and weaker global electronics orders, according to Rajiv Biswas, Asia chief economist at IHS Markit.
China officially signed a "Phase One" trade deal with the U.S. on Wednesday. Key targets are due to be announced in March.
JRR Tolkien's son Christopher dies aged 95
Christopher Tolkien , a renowned Oxford don and the son of The Lord of the Rings creator JRR Tolkien , has died at the age of 95. He signed off his work as "CJRT", going by his full name Christopher John Reuel Tolkien , in the same manner as his father.
China's migrant worker population grew 0.8 percent to top 290.8 million, while their average monthly income rose 6.5 percent to 3,962 yuan (about $582), NBS data showed. Fixed-asset investment rose 5.4 percent for the full year, but growth had plumbed record lows in autumn.
The National Bureau of Statistics of China released the new data on Friday, the same day that it said the country's birth rate had also fallen - to its lowest level since the founding of the People's Republic of China.
"External headwinds should ease further in the coming quarters thanks to the "Phase One" trade deal and a recovery in global growth".
Easing trade tensions have made manufacturers more optimistic about the business outlook, analysts said, though numerous tit-for-tat tariffs both sides imposed during the trade war remain in place.
Real estate investment rose 9.9% in 2019 from a year earlier, slowing slightly from a 10.2% gain in the first 11 months of the year. Growth in the last quarter of 2019 equaled the 6.0% logged in the July-September period.
Beijing has been relying on a mix of fiscal and monetary steps to weather the current downturn, cutting taxes and allowing local governments to sell huge amounts of bonds to fund infrastructure projects.