China's development fell to its lowest level in nearly thirty years as the world's second largest economy continues to experience the pain from trade tensions with the United States.
China's gross domestic product grew at 6% at the end of September, the weakest quarterly growth rate since 1992 and down from 6.2% in the previous year, according to government statistics released on Friday. It also missed the forecast of 6.1% growth displayed by analysts of Refinitiv.
The data appeared one week just after the United States and China reached a tentative trade truce to avoid more damages to the world's two largest economies.
Finest trade negotiators for the United States and China reached a preliminary trade deal last Friday. It includes an end on US tariff increases that were supposed to go into effect earlier this week. Trump also said to reporters that intellectual property, financial services and agricultural purchases are enclosed in the agreement.
But the two sides still appear to be far from striking any sort of comprehensive deal and the latest announcement doesn't address some of the biggest trade issues on the table.
http://lexatrade.com/news/chinas-economic-development-dropped-to-lowest-level-since-1992
Congratulations @xcv47! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit