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RSS FeedsChina`s 2019 economic growth weakens amid trade war
(WorldNews Business)

 
 

17 january 2020 21:58:16

 
China`s 2019 economic growth weakens amid trade war
(WorldNews Business)
 


BEIJING (AP) - China´s economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. The world´s second-largest economy grew by 6.1%, down from 2018´s 6.6%, already the lowest since 1990, government data showed Friday. Growth in the three months ending in December held steady at the previous quarter´s level of 6% over a year earlier. Business sentiment received a boost from Wednesday`s signing of an interim deal in the costly war over Beijing`s technology ambitions and trade surplus. The Trump administration agreed to cancel planned tariff hikes on...


 
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