The Chinese Economy Is Growing At Its Slowest Pace In Almost Three Decades Amid The Commercial War With The US.

China's economic growth amid the US trade war It slowed in the third quarter more than expected, reaching its weakest pace in almost three decades.


According to data released Friday by the National Statistics Office of China, the gross domestic product (GDP) of the Asian giant increased 6% year-on-year, compared to 6.4% and 6.2% recorded in the first and second quarter of this year. This is the worst figure since the first quarter of 1992, when these data were first recorded.

This result is at the lower end of the target range, between 6% and 6.5%, marked by Beijing for this year.

On the other hand, during the first three quarters of the year, GDP registered a growth of 6.2% over the same period last year, amounting to 69.78 billion yuan (about 9.8 billion dollars).

The new figures are made public at a time when commercial tension with Washington shows signs of relief.

Last Friday, US President Donald Trump announced that both parties had reached the first phase of a trade agreement whose second phase will start "almost immediately" once the first documents are signed. The first stage of these negotiations covers areas as intellectual property, financial services and agricultural products, among others.

If you liked it, share it with your friends!



Leave a Reply

Your email address will not be published.

14 − = 8