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- Viet News Digger
- Jan 17, 2020
- 1 min read
Asian shares firm as China's GDP raises hopes of recovery
SHANGHAI (Reuters) - Asian shares rose on Friday after global stock indexes and Wall Street posted more records, and as China's economic growth matched expectations in spite of U.S. trade pressures.
The world's second-largest economy grew 6.0% in the fourth quarter of 2019 from a year earlier, and 6.1% for the full year, official data showed on Friday.
While China's growth in 2019 was the slowest pace of economic expansion in 29 years, held back by anemic domestic demand and the damaging trade war with the United States, it was in line with analyst expectations and within the government's official target.
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