Posted on Jul 15, 2019
China's growth slowed to its weakest pace in 27 years in the second quarter, with the US-China trade war and weakening global demand weighing on the world's number-two economy, official data showed Monday (July 15).
The slowdown in the economy will make it more difficult for President Xi Jinping to fight back forcefully against Washington -- which is using tariffs as leverage to try to force Beijing into opening up its economy.
The 6.2% figure released by the National Bureau of Statistics is within the government's target range of 6.0-6.5% for the whole year, down from the 6.6% growth China put up in 2018.
"Economic conditions are still severe both at home and abroad, global economic growth is slowing down and the external instabilities and uncertainties are increasing," said NBS spokesman Mao Shengyong.
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