Red is considered an ‘auspicious’ colour in China, but this morning’s super blood wolf moon did not bring good tidings. Q4 Chinese GDP grew by 1.5 per cent taking the annualised rate down to 6.4 per cent from 6.5 per cent in Q3, and the tally for the calendar year 2018 to 6.6 per cent. These numbers are not to be sniffed at but underline the impact Sino-US trade tensions are having. The Financial Times reports that private firms are struggling to get the funding they need as the government tries to rein in ballooning debt. They also reported that in 2018 15.23 million babies were born – the lowest rate since 1961.
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