You are the news now

THE NEWS COMMENTER

VOTE  (0)  (0)

China's 2019 economic growth weakens to 6.1% amid trade war


Added 01-16-20 10:03:01pm EST - “China's economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington.” - Washingtontimes.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Washingtontimes.com: “China’s 2019 economic growth weakens to 6.1% amid trade war”. Below is an excerpt from the article.

BEIJING (AP) - China’s economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington.

Government data Friday showed growth was down from 2018’s 6.6%, already the lowest since 1990. Economic growth in the three months ending in December held steady at the previous quarter’s level of 6%.

Chinese exporters have been battered by President Donald Trump’s tariff hikes in a fight over Beijing’s technology ambitions and trade surplus, though the overall impact on China’s economy has been smaller than some forecasters expected.

TOP STORIES Trump signs landmark trade deal with China to fix 'wrongs of the past' Report: James Comey under investigation in classified data leak Trump issues new rule ensuring prayer in schools is protected

Negotiators this week signed an interim trade deal under which Washington agreed to cancel additional planned tariff hikes and Beijing committed to buy more American farm exports. Tariff hikes already imposed by both sides remained in place.

Read more...

Anonymous comments are welcome, just check the "Comment Anonymously" box before submitting your comment. Note: Comments are free and open until someone ruins it. Don't dox, promote violence, etc. Be nice and have fun.

CLICK TO SHARE

BACK TO THE HOME-PAGE