Most key economic data is pointing to the Chinese economy cooling more rapidly than expected. (Reuters: Thomas Peter/File)
Reuters: China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) - China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.
Growing signs of weakness in China — which has generated nearly a third of global growth in the past decade — are stoking worries about risks to the world economy and are weighing on profits for firms ranging from Apple to big carmakers.
Chinese policymakers have pledged more support for the economy this year to reduce the risk of massive job losses, but they have ruled out a “flood” of stimulus like that which Beijing has unleashed in the past, which quickly juiced growth rates but left a mountain of debt.
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WNU Editor: The Chinese are acknowledging that U.S. tariffs are having an impact.
More News On China's Economy
China’s Slowdown Looms Just as the World Looks for Growth -- The New York Times
China's economy faces its toughest year in more than a decade -- The Australian Financial Review
US-China trade war: gloomy exports give Beijing 3 reasons to worry -- Cary Huang, SCMP
China's looming great wall of debt may have 'major global implications' -- Tasha Wibawa, ABC News Online
China opens the debt taps again as economic growth slows to multi-decade lows -- Stephen Letts, ABC News Online
2 comments:
Would this be considered a victory for global warming?
Global Warming is a wealth transfer scheme.
Europe and American have to decarbonize/deindustrialize.
The rest of the world can do whatever they want like increase emissions so long as they say sweet nothing and so give the Greens a fig leaf.
The Green movement is the home to many Western communists. Rush Limbaugh said as much in the 1990s.
Those people needed a cause and after the Soviet Union fell, they migrated. That should tell you everything about their net contributions, mindset and worth.
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