Worthy Christian News » World Headlines » China's economy worsens in July, industrial growth at 17-year low as trade war escalates


China's economy worsens in July, industrial growth at 17-year low as trade war escalates

Wednesday, August 14, 2019 | Tag Cloud Tags: , , , , , , ,

(Worthy News) - China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.

Activity in China has continued to cool despite a flurry of growth steps over the past year, raising questions over whether more rapid and forceful stimulus may be needed, even if it risks racking up more debt.

After a flicker of improvement in June, analysts said the latest data was evidence that demand faltered across the board last month, from industrial output and investment to retail sales. [ Source: Reuters (Read More...) ]

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Worthy Christian News » World Headlines » China's economy worsens in July, industrial growth at 17-year low as trade war escalates

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Worthy Christian News » World Headlines » China's economy worsens in July, industrial growth at 17-year low as trade war escalates