China's economic growth sinks to a 26-year low
China's economy took another hit last quarter as the tariff war with the United States continued to take its toll. Its economic growth decelerated to a 26-year low in the latest quarter, adding to a deepening slump that is weighing on global growth. The world's second-largest economy expanded by 6 percent in the three months ending in September, down from the previous quarter's 6.2 percent, data showed Friday. The slump increases pressure on Chinese leaders to avert politically dangerous job losses as they fight a tariff war with President Trump over Beijing's trade surplus and technology ambitions.
China's economy took another hit last quarter as the tariff war with the United States continued to take its toll. Its economic growth decelerated to a 26-year low in the latest quarter, adding to a deepening slump that is weighing on global growth. The world's second-largest economy expanded by 6 percent in the three months ending in September, down from the previous quarter's 6.2 percent, data showed Friday. The slump increases pressure on Chinese leaders to avert politically dangerous job losses as they fight a tariff war with President Trump over Beijing's trade surplus and technology ambitions.
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