2019/07/15

China’s Growth Slides to Weakest Pace in Almost Three Decades

China’s economy slowed to the weakest pace since the early 1990s amid the ongoing trade standoff with the U.S., while monthly indicators provided signs that a stabilization is emerging. Gross domestic product rose 6.2   % in the April-June period from a year earlier, below the 6.4% expansion in the first quarter and matching economists’ estimates. In June, factory output rose 6.3%, retail sales rose 9.8%, while investment gained 5.8% in the first half of the year -- all three beating estimates in further evidence that stimulus measures to curb the slowdown may be feeding through. - Bloomberg


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