China’s economy slows down

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China’s economy grew at its slowest pace since the early 1990s in the second quarter, official figures showed.

In the three months to June, the economy grew 6.2% from a year earlier. The result was in line with forecasts.

China has moved to stimulate its economy this year by boosting spending and delivering tax cuts.

The country is also fighting a trade war with the US which has hurt businesses and weighed on growth.

China’s national statistics bureau said the figures pointed to a “complex environment” both at home and abroad.

 

Via BBC

 

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