During the fourth quarter of 2018, China's GDP slowed its year-over-year growth rate by 0.10 p.p. when compared to the previous quarter, to 6.40%, hampered by the performance of the external sector. Domestic demand slowed in 2018 by 0.37 p.p. with respect to 2017, to a year-over-year rate to 6.61%. As for inflation, CPI growth decelerated by 0.10 p.p. when compared to 3Q18, to 2.20%. In the labor market, the unemployment rate fell by 0.02 p.p. to 3.80%. Finally, the renminbi depreciated against the US dollar by 0.08 RMB/USD, to an average exchange rate of 6.94 RMB/USD in the last quarter of the year.
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