Slowing Growth Raises Pressure on China’s Stimulus Efforts

from The Wall Street Journal,

Expectations grow that Beijing will ease credit to boost spending after GDP growth slows to 6.2%.

A strategy by Chinese policy makers to stimulate the economy with tax and fee cuts hasn’t stopped growth from slowing, stoking expectations that Beijing will roll out more incentives such as easier credit conditions to get businesses and consumers spending. Chinese economic growth slipped to 6.2% in the April-through-June quarter, as measured by gross domestic product, after holding steady at 6.4% in the previous two quarters, official statistics showed Monday.

The trade dispute with the U.S. is dragging on China’s economy and creating an uncertain business environment. To avoid the latest round of President Trump’s tariffs, some manufacturers are shifting production out of China, fueling worries about layoffs and declining demand.

More From The Wall Street Journal (subscription required):

365 Days Page
Comment ( 0 )