China’s economic growth is expected to slow to a nearly 30-year low this year
|07/10/2019||Posted by BusinessMediaguide.Com under General World News||
- A new Reuters poll has revealed that China’s economic growth is expected to slow to 6.2% in 2019. The figure would represent a near 30-year low.
- Rising trade tensions with the US have pushed the Chinese government to step in with economic stimulus efforts in an attempt to boost growth.
- US-based companies with supply chain and sales operations in China have also felt the impacts from the trade war.
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The trade war is putting the brakes on the world’s second-largest economy.