China’s Quarterly Economic Growth Slows to 26-Year Low
|10/18/2019||Posted by BusinessMediaguide.Com under General World News||
China’s economic growth slowed to a 26-year low in the latest quarter amid a tariff war with Washington, adding to deepening slump that is weighing on global growth.
The world’s second-largest economy expanded by 6% in the three months ending in September, down from the previous quarter’s 6.2%, data showed Friday. It was the lowest rate since China started reporting data by quarters in 1993.
The slump increases pressure on Chinese leaders to avert politically dangerous job losses as they fight a tariff war with President Donald Trump over Beijing’s trade surplus and technology ambitions.
“Pressure on economic activity should intensify in the read more >>>