China’s Economic Growth Hits 27-Year Low as Trade War Stings

7/15/19
 
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from The New York Times,
7/14/19:

China’s growth fell to its slowest pace in nearly three decades, officials disclosed on Monday, as a resurgence of trade tensions with the United States and lingering financial problems take an increasing toll on one of the world’s most vital economic engines.

Chinese officials said the economy grew 6.2 percent between April and June compared with a year earlier. While such economic growth would be the envy of most of the world, it represented the slowest pace in China since the beginning of modern quarterly record-keeping in 1992. That marks a significant slowdown from earlier this year, when growth came in at 6.4 percent, matching a 27-year low reached during the global financial crisis a decade ago.

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