Trade war effect: China economic growth at slowest in decades
Shares were mixed Monday in Asia, led by gains in Chinese markets after the government reported that the economy grew at the slowest pace in a decade in the last quarter. Analysts said the 6.2 percent annual rate of growth reported for April-June suggests the trade war between the U.S. and China is hammering industries. The growth data for China was the weakest since the first quarter of 2009, in the aftermath of the global financial crisis. Trump and Chinese President Xi Jinping agreed in late June to restart talks on their stand-off over the longstanding U.S. trade deficit and Chinese economic policies the U.S. side says are unfair. - Associated Press
Shares were mixed Monday in Asia, led by gains in Chinese markets after the government reported that the economy grew at the slowest pace in a decade in the last quarter. Analysts said the 6.2 percent annual rate of growth reported for April-June suggests the trade war between the U.S. and China is hammering industries. The growth data for China was the weakest since the first quarter of 2009, in the aftermath of the global financial crisis. Trump and Chinese President Xi Jinping agreed in late June to restart talks on their stand-off over the longstanding U.S. trade deficit and Chinese economic policies the U.S. side says are unfair. - Associated Press
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