Caixin
Dec 31, 2018 04:14 PM
FINANCE

‘Slowing Growth’ and ‘Trade War’ Define China's Economy and Finance in 2018

The Chinese currency has had a tough year, pressured by China’s slowing economy, trade friction and U.S. interest-rate hikes. Photo: VCG
The Chinese currency has had a tough year, pressured by China’s slowing economy, trade friction and U.S. interest-rate hikes. Photo: VCG

The year 2018 has been a difficult one for China’s economy and financial system, marked by a deleveraging campaign, a trade war with the U.S., and a liquidity crisis that squeezed the vast private sector. Below are Caixin Global’s top 10 keywords and phrases of the year from China’s economic and financial realms.

Slower economic growth

China’s economic growth slowed to 6.5% in the third quarter of the year, marking the slowest year-on-year expansion since the first quarter of 2009. The country’s top leadership has said the economy is still operating “within the proper range,” while acknowledging that it has temporarily “run into some difficulties.”

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