China economy grows at weakest pace in near 30-year, US tariffs bite

Business 10/18/19, 13:07

China’s economic growth dropped to the slowest level in nearly 30 years in the third quarter of 2019 as the tariff tensions with the United States hit its factory production. Reuters citing China’s statistics bureau reported the world’s second largest economy grew 6.0 percent on-year in the July-September period, after expanding ...

Slowdown in China: industrial output growth falls to 17-1/2 year low

World 09/16/19, 14:47

The growth of China's industrial production continues to slow down. In August, reported Reuters, it fell to its weakest point in seventeen and a half years in the middle of a trade war with the United States and a decline in domestic demand. Retail sales, construction, and investment gauges also worsened ...

President Trump presses WTO to reform China’s ‘developing country’ status

U.S. 07/27/19, 08:14

President Donald Trump put pressure on the World Trade Organization on Friday, July 26, to change how it designates developing countries, accusing China of taking unfair advantage of its status. A memo President Trump signed on Friday directed U.S. Trade Representative Robert Lighthizer to “use all available means” to get the ...

World Bank maintains US forecast, downgrades global growth amid trade war

Business 06/05/19, 05:35

The World Bank has kept its economic growth forecast for the United States unchanged, though it downgraded the outlook for the global economy amid trade conflicts and rising government debts. In the report “Global Economic Prospects: Heightened Tensions, Subdued Investment” released on June 4, the World Bank forecast the United States ...

China’s 2018 economic growth sinks to 3-decade low

Business 01/21/19, 06:45

China's economic growth hit a three-decade low in 2018, adding to pressure on Beijing to beef up stimulus measures and settle a tariff war with Washington. Growth slowed to 6.6 percent from 2017's 6.9 percent as both the world's appetite for China's exports and domestic consumer spending weakened, official data showed ...

China 2018 economic growth falls to 3-decade low

Business 01/20/19, 21:40

China's 2018 economic growth fell to a three-decade low as activity cooled amid a tariff war with Washington. The world's second-largest economy expanded by 6.6 percent over a year earlier, down from 2017's 6.9 percent, official data showed Monday. Growth in the three months ending in December cooled to 6.4 percent ...

China slump squeezes workers, hammers consumer spending

Business 01/19/19, 19:35

Yu Mingang had a good job helping Chinese manufacturers prepare to sell shares to the public until the cooling economy derailed those plans. As demand for auditing services sank, the 25-year-old accountant in the eastern city of Hangzhou was laid off in December. Yu tightened his belt: No more movies or ...

President Trump warns China: I am a Tariff Man

Politics 12/05/18, 02:38

U.S. President Donald Trump on Dec. 4, in a series of Twitter posts, threatened to slap a range of import penalties on Chinese products if they did not make major changes in their economic relationship with the United States. "President Xi and I want this deal to happen, and it probably ...

No new tariffs: Trump wins trade battle with China

Politics 12/04/18, 02:33

U.S. President Donald Trump was able to extract a number of concessions from Chinese President Xi Jinping in exchange for not imposing any new tariffs on Chinese goods. Trump reached a major agreement while meeting with the world’s top leaders over the weekend. At the G-20 summit in Buenos Aires, Argentina, ...

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