Chinese economy slowing due to trade tensions with U.S., uncertain outlook ahead

From Google: 2024-09-20 08:17:32

China’s economic growth has slowed to its weakest pace in nearly 30 years, with GDP expanding by only 6.2% in the second quarter. This weak performance is attributed to the ongoing trade war with the United States, which has led to a decline in exports and investment.

The slowdown in the Chinese economy is likely to exacerbate trade tensions between China and the U.S. as both countries struggle to reach a trade agreement. President Trump has already threatened to impose additional tariffs on Chinese goods if a deal is not reached soon.

Despite the challenges facing the Chinese economy, some analysts believe that the government’s stimulus measures could help stabilize growth in the coming months. The Chinese government has already implemented a number of measures, including tax cuts and infrastructure spending, to support the economy.

Overall, the outlook for the Chinese economy remains uncertain as it continues to face challenges from both domestic and international factors. The ongoing trade war with the U.S. is expected to have a significant impact on China’s economic growth in the coming months.



Read more at Google: The Chinese economy is faltering — and that means more trade tensions – The Washington Post