BUSINESS, Commerce, Social media

China Shows Decline In Quarterly Growth Rate

The Trump’s trade war with China has apparently begun to weigh on the country’s economy.

China reported its slowest quarterly growth rate since the global financial meltdown back in 2008.

According to the National Bureau of Statistics, the growth figure for the July to September quarter was 6.5 percent from a year earlier.

Financial analysts projected figures of 6.6 percent for the quarter.

In the meanwhile, policymakers have moved to support the cooling economy in recent months.

China faces rising economic challenges including high debt levels and an intensifying trade battle with the U.S.

Readers Bureau

Edited by Jesus Chan

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