BEIJING — China’s growth slowed to its weakest pace in almost three decades in the second quarter, with the US-China trade war and weakening global demand weighing on the world’s number-two economy, official data showed Monday. The GDP figures are within the government’s target range of 6.0-6.5 percent for the whole year, down from the 6.6 percent growth China put up in 2018. “Economic conditions are still severe both at home and abroad, global economic growth is slowing down and the external instabilities and uncertainties are increasing,” said NBS spokesman Mao Shengyong. ‘Economic realities’The trade war with the US has hit China’s economy, compounding a global slowdown. China’s exports to the US dropped more than 8 percent over the first half of the year.

Source: Philippine Daily Inquirer July 15, 2019 02:45 UTC