China’s Economy, by the Numbers, Is Worse Than It Looks
"Global economy in real danger if U.S.-China trade war escalates: Reuters poll" ""hookrider, White House Analysis Finds Tariffs Will Hurt Growth, as Officials Insist Otherwise""
By Keith Bradsher
Jan. 20, 2019
BEIJING — China’s economy is slowing, and the slowdown is probably worse than Beijing says.
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The question now is whether an improvement in December will carry over to the start of 2019. Despite the positive signs, China just two weeks ago decided to pump tens of billions of dollars .. https://www.nytimes.com/2019/01/04/business/china-economy-central-bank.html?module=inline .. into the financial system, suggesting that it sees a recovery as fragile at best.
Trade Trouble
China’s economic problems began before Mr. Trump began imposing tariffs on Chinese-made goods. That said, the trade war is not helping.
Activity has also slowed lately at many export-oriented factories. Many rushed to ship goods to the United States before a feared increase in tariffs on Jan. 1 that did not end up happening, filling warehouses with surplus goods. Many Chinese factories have eliminated overtime and looked for other ways to trim employment costs.
Economists at J.P. Morgan, the investment bank, on Monday slightly reduced their growth expectations for the first three months of the year, citing weaker-than-expected December trade figures.
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