China’s 2019 GDP revised down, shrinking the base for 2020 growth calculations

• ‘Minimal’ revision in China’s GDP growth rate for last year – from 6.1 per cent to 6.0 per cent – represents a reduction of 435 billion yuan (US$67 billion) from earlier calculations
• Data adjustment puts China’s 2019 GDP at the lowest end of what had been Beijing’s official growth target range for the year