China's National Bureau of Statistics (NBS) said the economic growth of 6.6 per cent in 2018 was above the official target of 6.5 per cent.
Growth in the fourth quarter came in at 6.4 per cent, down from 6.5 per cent seen in the third quarter, the NBS data showed.
The country's economy has performed within a reasonable range in 2018, with economic growth being generally stable and improvement achieved in performance, said NBS head Ning Jizhe at a press conference.
Ning said that China may face a more complicated and tough external environment for development in 2019, but the country has the foundation, condition, confidence and capability to keep economic growth within a reasonable range, ensuring sustained and healthy economic development.
The slowdown in the world's second largest economy is the cause for worry for global growth.
Its total exports fell to $221.25 billion in December, down by 1.4 per cent from November and 4.4 per cent from the same month in 2017.
Among others, car sales in China -- the world's biggest automobile market -- fell for the first time in 20 years.
The Chinese government this month announced $193 to prop up the economy which will include tax cuts for small business and tariff reduction.
However, Beijing's biggest concern might be its ongoing trade dispute with Washington.
Both countries are currently in truce till March 1 in the row triggered by US President Donald Trump over the alleged sordid business practices by China.
Both sides are engaged in hectic talks to find a solution before the March 1 deadline after which Washington's planned levies on $200 billion of Chinese goods will kick in.
Beijing's top trade negotiator Liu He will travel to Washington from January 30-31 to hold talks with his US counterpart Robert Lighthizer to iron out their trade differences.
Last year, both sides slapped tariffs worth millions on each other's goods.
Trump accuses China of arm-twisting American companies to transfer technology to their Chinese counterparts and ballooning trade deficit. Beijing denies these charges and accuses Washington of containing it.
(Gaurav Sharma can be contacted at email@example.com)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.