[ad_1]
The Chinese economy grew 6.7% in the second quarter of 2018, two tenths more than the government target for this year and one-tenth less than in the first quarter, According to official figures published The forecast already announced a slowdown in growth in the second quarter, after Beijing has tightened bank loans, aimed at curbing the rise in debt, and even before the start of trade disputes with the states The United States
continues to slow, as global demand for Chinese exports declines and credit restrictions hit the construction and investment sectors, the main engines of growth.
Beijing has already reacted to the decline in the pace of economic growth. credit for the state sector, but the rise in debt levels has already led international rating agencies to reduce the Gove debt rating
Chinese leaders are preparing a transition in the economic model, with the aim of transforming domestic consumption into the main driver of growth, to the detriment of exports and investments.
In June, retail sales increased
Investments in fixed assets, such as factories or real estate, rose 6% in the first half, thanks to a rapid increase in consumption high quality products, including cosmetics and video equipment. In the same period of 2017, they were 1.5% below the average of the last six months.
Trade disputes with Washington also threaten the Chinese economy
. Donald Trump, has imposed 25 percent of the 34 billion US dollars ($ 29 billion) of Chinese imports, against what he considers "predatory tactics"
China has responded by increasing taxes on the same value of imports from the United States
Trump has threatened to impose 10% more tariffs on a total of 200 billion US dollars of Chinese products and, if Beijing retaliate again and refuses to accede to US requirements, it will rise to 500 billion US dollars, or about all US imports from China.
that these measures, if applied, would lead to a slowdown of more than 0.3% of the growth rate of the Chinese economy.
Share this news
[ad_2]
Source link
