China's economic growth at slowest pace since 1990s
Beijing has introduced measures including a massive tax cut to boost the economy, but they have not been enough to offset a domestic slowdown and softening overseas demand – made worse by a punishing trade war with its biggest trading partner country, the United States.Analysts widely expect Beijing will step up support in the coming months.
China's 1.3 billion consumers continued to open their wallets, with retail sales growing 9.8 percent on-year in June, up from 8.6 percent in May. And growth in infrastructure investment has retreated from years of near 20 percent expansion – coming in at a 4.1 percent rise in January-June. "It's hard to escape the economic realities that the US-China trade war is having on global economies," said Stephen Innes, managing partner at Vanguard Markets.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China says first-half growth sets good foundation for hitting 2019 GDP targetChina's first-half economic growth of 6.3% was 'hard-won' and lai...
Read more »
Slower China GDP growth nudges oil prices lowerOil prices slipped on Monday after China posted its slowest quarterly economic g...
Read more »
Taiwan defends U.S. arms deal after China sanctions threatThe U.S. does not have formal diplomatic ties with Taiwan, but U.S. law requires that it provide Taiwan with sufficient defense equipment and services for self-defense.
Read more »
Peter Navarro says don't believe China or US press, calls Wall Street Journal stories 'garbage'Don't believe anything you read in the Chinese or U.S. press about trade negotiations, Peter Navarro said earlier this week.
Read more »
US stock futures point to a mixed open amid China slowdown fearsU.S. stock index futures were mixed Monday morning investors pause for breath following a record-setting performance on Wall Street last week and monitor Chinese economic data.
Read more »
China holds drills in Taiwan Strait, calls for sanctions against US companiesThe Chinese government held military drills off the coast of Taiwan as tensions rise between Beijing and Washington over US support for the island that China views as a renegade province.
Read more »