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17hon MSN
US Trade War Slows China’s Economy
China’s economy expanded at 4.8 percent in the third quarter—the slowest rate in a year—according to data released on Monday by its National Bureau of Statistics (NBS), as ongoing trade tensions with the United States continue to weigh on growth.
China likes to condemn the United States for extending its arm too far outside of its borders to make demands on non-American companies. But when it sought to hit back at the U.S. interests this month,
China's economic growth slowed to the weakest pace in a year in the third quarter as fragile domestic demand left it heavily reliant on the humming of its exporting factories, stoking concerns about deepening structural imbalances.
China's rare earth export bans for military and AI use are set to increase market volatility. Click here to read what investors need to know.
Li was removed as Permanent Representative of the People’s Republic of China to the World Trade Organization (WTO), Ambassador Extraordinary and Plenipotentiary, and Deputy Permanent Representative to the United Nations Office at Geneva and other international organizations in Switzerland. He was replaced by Li Yongsha.
Chinese state media is rallying the public and posting old propaganda footage, but officials are also careful to leave room for talks with President Trump.
The US-China trade war has been simmering for most of the year, but this week marks the point at which the finger-pointing boiled over and did something rare in high-stakes diplomacy: It got very personal.
The head of the World Trade Organization said warned that a decoupling by the world's two largest economies could reduce global economic output by 7% over the longer term.
U.S.-China tensions simmer but may offer an opportunity for risk-on investors looking to capitalize. Click here for 3 ‘Strong Buy’ rated Chinese stocks.