DW: China's GDP growth slows to 27-year low
The Chinese economy grew an underwhelming 6% in quarter three, its weakest rate in at least 27 years. An ongoing trade war with the US continues to weigh on the world's second largest economy.
The Chinese economy grew 6% in the third quarter, its weakest rate in almost three decades, government officials reported on Friday.
Growth slowed from 6.2% in the second quarter. The 2019 growth rate falls within the government's annual goal of between 6 and 6.5%, but with a marked slowdown compared to previous years. It is the slowest growth the Chinese economy has seen since 1992.
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WNU Editor: My friends in China are telling me that there has been no economic growth in China since the summer, and they are in the real estate and export business.
More News On China's Economy
China's economy hits three-decade low, with GDP growth falling to 6pc -- ABC News Online
China economy: Third quarter growth misses expectations -- BBC
China's quarterly economic growth sinks to 26-year low amid US trade war -- The Guardian
China's economic growth drops to lowest level since 1992 -- CNN
China says its economy grew 6% in the third quarter, slower than expected -- CNBC
1 comment:
This indicator is months if not quarters slow so the real affect of the trade war is not fully realized yet. I suspect near zero growth there.
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