China's economic growth slows to lowest level in decades
Amid rising trade tensions with the United States, China's economy continued to slow down in the second quarter, with growth dropping to its lowest level in 27 years, Chinese officials announced Monday.
The economy grew 6.2 percent between April and June compared to a year earlier, matching estimates. In June, retail sales went up 9.8. percent and factory output rose 6.3 percent, while investment gained 5.8 percent during the first half of the year.
Following President Trump's decision to impose more tariffs on Chinese goods, exports to the U.S. fell 7.8 percent in June compared to a year ago. Representatives from the U.S. and China are still trying to craft a trade deal between the two countries.
Article continues belowThe Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
