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Trump Tariffs Grind China's GDP to 30 Year Low

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Trump Tariffs Grind China's GDP to 30 Year Low

Postby NomadPatriot on Fri Oct 18, 2019 8:09 am

China's GDP growth grinds to near 30-year low as tariffs hit production

BEIJING (Reuters) - China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support.

Gross domestic product (GDP) rose just 6.0% year-on-year, marking a further loss of momentum for the economy from the second quarter’s 6.2% growth.

China’s trading partners and investors are closely watching the health of the world’s second-largest economy as the trade war with the United States fuels fears about a global recession.
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