China: GDP growth slows to 27 year low

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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Gary Cartwright

Gary Cartwright

Gary Cartwright is publishing editor of EU Today. 

An experienced journalist and published author, he specialises in environment, energy, and defence.

He also has more than 10 years experience of working as a staff member in the EU institutions, working with political groups and MEPs in various policy areas.

Gary's latest book WANTED MAN: THE STORY OF MUKHTAR ABLYAZOV: A Manual for Criminals on How to Avoid Punishment in the EU is currently available from Amazon 

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