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[rtl]Editorial date:: 2019/7/15 9:23 • 72 times scheduled[/rtl]
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The growth of the Chinese economy slowed to a three-decade low of 6.2 percent in the second quarter, compared to the same period last year, according to official figures released Monday, amid a US-led war with the United States and falling demand Global.
"Economic conditions remain difficult both inside and outside the country," said Mao Xinyong, a spokesman for the National Bureau of Statistics. "The growth of the world economy is slowing as imbalances and uncertainty are increasing abroad."
Figures from the office are in line with expectations of analysts polled by AFP, down from 6.4 percent in the first quarter.
China's gross domestic product (GDP) figures remain the government's target for overall growth this year, ranging from 6.0 to 6.5 percent, compared with a 6.6 percent growth in 2018.
The Beijing-Washington trade war, which has been heavy since last year, After meeting Chinese President Xi Jinping and American Donald Trump on the sidelines of the G20 summit in Osaka, Japan.
The two countries pledged to resume negotiations in an effort to settle their trade disputes.
China and the United States share strict customs duties on more than $ 360 billion of their annual trade.
Beijing has taken measures this year to boost its economy, including tax cuts and social contributions to enterprises, by some 2,000 billion yuan (265 billion euros), but these measures were not enough to counter the slowing economy and falling external demand, especially amid the escalating trade war with the United States. Commercial partners.
Beijing has also encouraged banks to increase their loans to small businesses that have so far been neglected for major public groups.
But these measures come at a time when authorities are trying to combat excessive and uncontrollable indebtedness that threatens their financial system.
In contrast, the National Bureau of Statistics announced a set of reassuring indicators about the state of the Chinese economy.
June figures show an improvement in industrial production (6.3% versus 5% in May) and retail sales (9.8% vs. 8.6% in May).
http://alforatnews.com/modules/news/article.php?storyid=203515
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The lowest growth of the Chinese economy in 3 decades
[/rtl][rtl]Editorial date:: 2019/7/15 9:23 • 72 times scheduled[/rtl]
The growth of the Chinese economy slowed to a three-decade low of 6.2 percent in the second quarter, compared to the same period last year, according to official figures released Monday, amid a US-led war with the United States and falling demand Global.
"Economic conditions remain difficult both inside and outside the country," said Mao Xinyong, a spokesman for the National Bureau of Statistics. "The growth of the world economy is slowing as imbalances and uncertainty are increasing abroad."
Figures from the office are in line with expectations of analysts polled by AFP, down from 6.4 percent in the first quarter.
China's gross domestic product (GDP) figures remain the government's target for overall growth this year, ranging from 6.0 to 6.5 percent, compared with a 6.6 percent growth in 2018.
The Beijing-Washington trade war, which has been heavy since last year, After meeting Chinese President Xi Jinping and American Donald Trump on the sidelines of the G20 summit in Osaka, Japan.
The two countries pledged to resume negotiations in an effort to settle their trade disputes.
China and the United States share strict customs duties on more than $ 360 billion of their annual trade.
Beijing has taken measures this year to boost its economy, including tax cuts and social contributions to enterprises, by some 2,000 billion yuan (265 billion euros), but these measures were not enough to counter the slowing economy and falling external demand, especially amid the escalating trade war with the United States. Commercial partners.
Beijing has also encouraged banks to increase their loans to small businesses that have so far been neglected for major public groups.
But these measures come at a time when authorities are trying to combat excessive and uncontrollable indebtedness that threatens their financial system.
In contrast, the National Bureau of Statistics announced a set of reassuring indicators about the state of the Chinese economy.
June figures show an improvement in industrial production (6.3% versus 5% in May) and retail sales (9.8% vs. 8.6% in May).
http://alforatnews.com/modules/news/article.php?storyid=203515
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