Analysts said Beijing’s economic policies have proved too mild against the trade war launched by US President Donald Trump. Photo: Simon Song

China’s latest financial data paints a bleak economic outlook amid trade war with US

  • New yuan loans, a key source of funding for growth, halved in October from September
  • Fiscal revenue, the source of government efforts, recorded a rare drop in October from the same month a year earlier
Topic |   China economy

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Analysts said Beijing’s economic policies have proved too mild against the trade war launched by US President Donald Trump. Photo: Simon Song
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.