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China's GDP growth grinds to near 30-year low

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HowardHughs Member Level  Friday, 10/18/19 06:29:40 AM
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China's GDP growth grinds to near 30-year low as tariffs hit production https://www.reuters.com/article/us-china-economy-gdp/china-third-quarter-gdp-grows-6-0-year-on-year-misses-expectations-idUSKBN1WX05A

China’s trading partners and investors are closely watching the health of the world’s second-largest economy as the trade war with the United States fuels fears about a global recession.

“Given exports are unlikely to stage a comeback and a possible slowdown in the property sector, the downward pressure on China’s economy is likely to continue, with fourth-quarter economic growth expected to slip to 5.9%,” Nie said.

Even recent signs of breakthrough in the protracted trade war between Beijing and Washington are unlikely to change the economic outlook any time soon.

......growth in other products such as cement, crude steel and cars slowed further.

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