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China says Trump 'misleading' people linking trade deal, slowing economy


Added 07-16-19 05:03:02am EST - “China on Tuesday rebuffed a suggestion from U.S. President Donald Trump that Bei...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “China says Trump 'misleading' people linking trade deal, slowing...”. Below is an excerpt from the article.

BEIJING (Reuters) - China on Tuesday rebuffed a suggestion from U.S. President Donald Trump that Beijing needs a trade deal with the United States because its economy was slowing, saying this was “totally misleading” and that both countries wanted an agreement.

Trump, in a Monday tweet, seized on slowing economic growth in China as evidence that U.S. tariffs were having “a major effect” and warned that Washington could pile on more pressure.

Official data on Monday showed China’s economic growth cooled to 6.2% in the second quarter, the weakest annual pace in at least 27 years, amid trade pressure from the United States. In the first half, the economy grew 6.3 percent compared with a year earlier.

Chinese Foreign Ministry spokesman Geng Shuang said China’s first-half pace was a “not bad performance” considering global economic uncertainty and slowing world growth, and in line with outside expectations.

China’s stable growth is good for the world and also the U.S. economy, Geng told a daily news briefing.

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