China’s Growth At Slowest In Three Decades

(The Economist)

CHINA’S ECONOMY is slowing, again. After a good start to the year annual growth slipped to 6.2% in the second quarter, the country’s weakest expansion in nearly three decades.

But that is hardly cause for panic. For an economy now worth nearly $14trn, such a growth rate is impressive. As the trade war with America hurts exporters, it also underlines the extent to which China’s economy is now fuelled by domestic demand.

The question for the coming months is whether that domestic strength will remain sufficient to offset the trade turmoil. Read more