Trump’s Trade Tactics Impacts Chinese Growth

Posted on 07/15/2019


China’s economy grew, or gross domestic product (GDP), 6.2% for the second quarter of the year (period ended June 2019), the weakest rate in at least 27 years, according to China’s statistics bureau. China’s last slowest recorded pace of growth occurred in the first quarter of 1992. China is the world’s second largest economy.

The United States and China remain engaged in a major trade conflict.

In late May 2019, Chinese banking authorities took over a bank—Baoshang Bank Co. This governmental maneuver revealed fears regarding China’s financial system and drove up short-term borrowing costs for smaller banks.

Get News, People, and Transactions, Delivered to Your Inbox