All the day´s economic and financial news, including new growth figures from China and the IMF´s latest World Economic OutlookChinese growth slows to 6.7% in Q2 2018Industrial production growth slowed, but retail picked upBeijing warns of `increased uncertainties´Coming up: IMF growth forecasts at 3pm BST 8.49am BST Tusk: Let´s not start trade wars`We are all aware of the fact that the architecture of the world is changing before our very eyes. And it is our common responsibility to make it a change for the better.Let us remember, here in Beijing, and over there, in Helsinki, that the world we were building for decades, sometimes through disputes, has brought about peace for Europe, the development of China, and the end of the Cold War between the East and the West.Europe and China, America and Russia, today in Beijing and in Helsinki, are jointly responsible for improving the world order, not for destroying it. I hope this message reaches Helsinki. https://t.co/whPzfDzcfW pic.twitter.com/QmzlvNkkac 8.34am BST Iris Pang, Greater China Economist at ING in Hong Kong, argues that Chinese policymakers need to do more to boost growth.She says:`They need to slow financial deleveraging slightly and to turn their focus more on growth-supportive measures, for example increasing liquidity through (bank reserve requirement) cuts.`If the situation gets worse a lot faster than what we expect I do think Chinese authorities need to beef up supportive measures, both fiscal and monetary.`China Q2 GDP growth softens as trade row stirs concerns on outlook https://t.co/2RD1g2SAgl pic.twitter.com/67j9KhOHiw 8.21am BST Although China´s growth rate only dipped slightly, it´s a worrying sign for the health of the global economy, argues Bloomberg News.They fear that the `spillover effects´ of China´s slowdown could hurt other countries, arguing:Confirmation that China´s economy is slowing amid an escalating trade war is a worrying omen for global growth.Data released since Friday has af ...
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