China's economic slowdown deepens, weighing on global growth - News Summed Up

China's economic slowdown deepens, weighing on global growth


China’s economic growth slowed to a 26-year low in the latest quarter as a tariff war with Washington weighed on exports and auto sales and other domestic activity weakened. APChina's economic growth sank to a new multi-decade low in the latest quarter as a trade war with Washington deepened a slump that is weighing on the global economy. The International Monetary Fund cited the US-Chinese tariff war in this week's decision to cut its 2019 global economic growth forecast to 3 per cent from 3.2 per cent. Slowing consumer spending and investment have had a bigger impact on cooling Chinese growth. Global pork prices have risen as Chinese importers buy up supplies from as far away as Europe.


Source: The Telegraph October 18, 2019 11:37 UTC



Loading...
Loading...
  

Loading...