Asian stocks keep calm as China economy cools, Brexit news awaited
Updated : January 21, 2019 11:14 AM IST
The world's second-largest economy grew 6.4 percent in the fourth quarter from a year earlier, as had been expected and matching levels last seen in early 2009 during the global financial crisis.
Yet there were some bright spots with industrial output rising a surprisingly strong 5.7 percent, while retail sales rose 8.2 percent in December, from a year earlier.
Chinese stocks had rallied on Friday on reports US Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports, a story later denied.
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