fredag 18. oktober 2019

China's quarterly economic growth sinks to 26-year low amid US trade war

China’s economic growth sank to a 26-year low in the latest quarter amid pressure from a trade war with Washington, adding to a 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 on Friday. It was the weakest growth since China started reporting data by quarters in 1993.

The slump adds to problems faced by Chinese leaders, including rising inflation and weaker consumer demand, as they fight a tariff war with US president Donald Trump over Beijing’s trade surplus and technology ambitions.