China economy under pressure as trade war escalates

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CHINA'S economic activity disappointed in April just as the United States announced a new round of tariffs on Chinese exports last week, pointing to a challenging second quarter for the world's second-largest economy. Read more at The Business Times.

Wednesday's China data follows weaker trade and PMI statistics published earlier this month. Analysts said the loss of momentum was due to a cut-back in government stimulus earlier this year.

CHINA'S economic activity disappointed in April just as the United States announced a new round of tariffs on Chinese exports last week, pointing to a challenging second quarter for the world's second-largest economy.

Source: News Formal (newsformal.com)

 

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