China's economic growth slows See What Happens When A Plane 3 months ago   02:37

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(19 Oct 2018) China's economic growth sank to its lowest level since the global financial crisis in the latest quarter, adding to challenges for communist leaders as they fight a tariff battle with Washington.
The world's second-largest economy expanded by 6.5 percent over a year earlier in the three months ending in September, government data showed Friday. That was down from 6.7 percent for the quarter ending in July and 6.8 percent for the year's first three months.
Forecasters expected China's economy to cool after Beijing tightened credit controls last year to rein in a debt boom. But the slowdown has been sharper than expected, prompting Chinese leaders to reverse course and encourage banks to lend.
Communist leaders express confidence their 12 trillion US dollars-a-year economy can survive the conflict with President Donald Trump. But export industries have begun to suffer from American tariff hikes of up to 25 percent on Chinese goods.
Economic performance continued with "good momentum" but "challenges from outside are increasing," said National Bureau of Statistics spokesman Mao Shengyong.

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See What Happens When A Plane China's economic growth slows 3 months ago   04:57

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