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China's GDP growth grinds to near 30-year low as tariffs hit production

9 monthes ago   |   By New York Post

China's third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising US trade war hit factory production, boosting the case for Beijing to roll out fresh support. GDP rose just 6 percent year-on-year, marking a further loss of momentum for the economy from the second quarter's...
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China's Economic Growth Slows to a 30-Year Low. But Is It the U.S. Trade War?

China's Economic Growth Slows to a 30-Year Low. But Is It the U.S. Trade War?

9 monthes ago   |   By Fortune

China released a raft of economic data Friday morning, but the headline figure was 6%. That's the rate of GDP growth in the third quarter as compared to the same period last year, and it's lower than the 6.1% growth analysts polled by Reutershad anticipated. In fact, it's China's lowest quarterly economic growth since records began 27 years ago in 1992.
However, the data wasn't all bad, a result that Beijing touted in its announcement of the numbers. According to the National Bureau of Statistics , China's industrial output rose 5.8% in September, up from a 17-year low in August, and...
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