China's economic slowdown deepens, weighing on global growth

Sun Online Desk

18th October, 2019 01:00:36 printer

China's economic slowdown deepens, weighing on global growth

 

China's economic growth sank to a 26-year low in the latest quarter amid pressure from a trade war with Washington, adding to a deepening slump that is weighing on global growth.

The world's second-largest economy expanded by 6 percent in the three months ending in September, down from the previous quarter's 6.2 percent, data showed Friday. It was the weakest growth since China started reporting data by quarters in 1993, reports AP.

The slump adds to problems faced by Chinese leaders, including rising inflation and weaker consumer demand, as they fight a tariff war with US President Donald Trump over Beijing's trade surplus and technology ambitions.

 


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