China’s Economy Growth Cools Further Amid Us Tariff War

BEIJING — China’s economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world’s second-largest economy grew 6.2 percent over a year ago, down from the previous quarter’s 6.4 percent, government data showed Monday. Forecasters expected China’s economy to rebound in late 2018 but pushed back that target after President Donald Trump raised tariffs on Chinese imports to pressure Beijing over its technology development tactics.

Sections:  u.s.   
Topics:  Maine   Penobscot County   Bangor   
BING NEWS:
  • Chinese Exporters Grapple With Challenges Despite China's Economic Growth: 'We're Selling Electrical Appliances As Cheap As Cabbage'
    As China reports a surge in its economy, exporters at the Canton Fair are confronting a complex array of challenges that could impact global trade dynamics. What Happened: Amid China’s ...
    04/17/2024 - 1:58 am | View Link
  • China’s GDP growth beat expectations – so why are analysts and business groups still downbeat?
    China’s goal of powering economy through consumers won’t be easy: analysts “It is too early to cheer for a full rebound in sentiment, as growth will likely see a gradual deceleration in the ...
    04/16/2024 - 12:00 pm | View Link
  • China GDP: what is needed to achieve the ‘very challenging’ 5% economic growth goal for 2024?
    Emerging sectors, such as new energy and health services, are supporting growth amid a transition toward a higher-quality economy, but traditional industries are sceptical if they can follow suit.
    04/11/2024 - 7:00 pm | View Link
  • The US is headed for a much more aggressive trade war with China regardless of who is president next year, economist says
    "First of all, the Communist Party itself is very interested in reengineering the economy, transitioning ... debt while shifting from property-driven growth to a more sustainable model.
    04/10/2024 - 1:00 pm | View Link
  • Goldman Sachs lifts China 2024 growth forecast to 5.0%
    It also lifted the first-quarter GDP growth forecast for the world's second-biggest economy to 5.0% from 4.5% prior, with previous official data beating expectations and the latest high-frequency ...
    04/9/2024 - 9:49 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News