China's gross domestic product growth rate record low economic slowdown or uncertain October 19th 4:43
China's GDP growth rate from July to last month was only 6.0%, the lowest ever in the quarter against the backdrop of trade friction with the United States, and the slowdown of the Chinese economy became clearer . The Chinese government will be expected to leverage the economy in such as the expansion of public investment, but the prospect of trade friction toward the eliminated or a halt to the reduction not just take the, it is an opaque situation.
The National Bureau of Statistics of China announced on the 18th that the GDP growth rate from July to last month was only 6.0% compared to the same period last year, and since 1992 when quarterly data was released, The lowest.
This is due to the sluggish growth in capital investment and consumption of private companies against the backdrop of prolonged trade friction between the United States and China.
The Chinese government has set a long-term goal of doubling GDP over the next 10 years, and is expected to leverage the economy by expanding infrastructure investment by local governments to stop further economic slowdown.
However, in China, as a result of continuing economic uplift after the Lehman shock, local governments already have huge debts, which are said to have hindered growth.
In addition, the middle and the United States is not standing the prospect of convergence to a situation in which negotiate with the high tariffs on each other's imports, or halt it take to deceleration of the Chinese economy, which also affect the world economy, is an opaque situation.