Trump announces deal with China
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Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.
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China's economy slows to 4.8% annual growth in July-September, hit by tariffs and slack demand
China's economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. Despite U.S. President Donald Trump’s higher tariffs on imports from China,
The Chinese economy has shown resilience despite external headwinds as the Trump administration ramps up its trade war, but long-term structural challenges remain.
A further increase in China’s trade surplus failed to fully offset the effects of a worsening housing market, which has left consumers wary.
China and the ASEAN bloc of Southeast Asian nations signed an upgrade to their free trade agreement on Tuesday, with leaders hailing the deal which spans the digital and green economy, and other new industries.
A tariff hike could potentially damage the Chinese economy. The U.S. imported about $438 billion worth of goods and services from China last year, making it the largest destination for China’s exports. In all, that figure accounts for about 15% of China’s exports, according to the Office of the U.S. Trade Representative.
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US Trade War Slows China’s Economy
China’s economy expanded at 4.8 percent in the third quarter—the slowest rate in a year—according to data released on Monday by its National Bureau of Statistics (NBS), as ongoing trade tensions with the United States continue to weigh on growth.
Four of China's largest five state-owned banks reported steady profits on Friday, but their margins came under pressure from a prolonged property slump and sluggish manufacturing.
Christian B. Teeter For more than two decades, the U.S.-China trading relationship has been at the center of globalization’s story: low-cost goods for American consumers, rapid growth for China, and an intricate web of supply chains binding the world’s two largest economies together.