Tags: AS | China | Economy

China's Quarterly Economy Growth Sinks to 6%, a 26-year low

Thursday, 17 October 2019 10:38 PM

BEIJING (AP) — China's economic growth slowed to 6% over a year ago in the latest quarter, its lowest level in at least 26 years, amid a tariff war with Washington and weakening domestic consumer demand.

The figure reported Friday was down from the previous quarter's 6.2%.

Chinese trade has suffered from U.S. tariff hikes in a fight over Beijing's trade surplus and technology plans. But the biggest impact on growth appears to come from weakening domestic activity including factory output, investment and consumer spending.

The latest figure was the lowest quarterly growth since China began reporting such data in 1993.

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China's economic growth slowed to 6% over a year ago in the latest quarter, its lowest level in at least 26 years, amid a tariff war with Washington and weakening domestic consumer demand.The figure reported Friday was down from the previous quarter's 6.2%.Chinese trade has...
AS,China,Economy
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2019-38-17
Thursday, 17 October 2019 10:38 PM
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