China’s economic growth slowed to its lowest level in a decade in the latest quarter, adding to pressure on Chinese leaders as they fight a tariff war with Washington.
Chinese leaders have stepped up spending and bank lending to shore up growth and avert politically dangerous job losses. But they face an avalanche of unexpectedly bad news including plunging auto sales as they fight with President Donald Trump over Beijing’s technology ambitions. Growth in retail sales slowed to 8.4 per cent in the first half of 2019, down 0.1 percentage points from the first quarter, the government reported. Growth in factory output decelerated to 6 per cent in the first half, down 0.1 percentage points from the first quarter.
China has taken advantage of everyone since they entered the WTO in the early 2000’s. The first person to stand up to them was Trump. He is a leader who puts his country first. The DOW is up 40% in under 3 years since Trump got elected. Amazing.
The still has 6.2% and that's the lowest...What do we have? Smh
Good! Close our Ports and Airspace to all the crap they ship and fly here and the Chinese will be releasing our hostages and begging for our Beef & Canola before August long weekend!
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