The US fell to the sixth largest foreign investor in China in April from the third largest in March, according to the data. Photo: Reuters

Trade war could cause global recession, Beijing official warns, as US investment growth in China sinks

  • US investment in China grew 7.5 per cent between January and May, year on year, a much slower pace than the 24.3 per cent recorded between January and April
  • Ministry of Commerce spokesman Gao Deng says that the trade war ‘could cause a recession in the United States and global economies’
Topic |   Investing

TOP PICKS

The US fell to the sixth largest foreign investor in China in April from the third largest in March, according to the data. Photo: Reuters
READ FULL ARTICLE
The keynote address by Liu He (second left) at the Lujiazui financial forum in Shanghai on Thursday was his first public appearance in three weeks. Photo: Xinhua

Chinese Vice-Premier Liu He says ‘external pressure’ can actually help China’s economy

  • President Xi Jinping’s chief US trade war negotiator did not specifically reference rising tensions with United States during surprise speech in Shanghai
  • Keynote address at Lujiazui financial forum his first public appearance in three weeks since tour of Jiangxi province with Xi
Topic |   US-China trade war

TOP PICKS

The keynote address by Liu He (second left) at the Lujiazui financial forum in Shanghai on Thursday was his first public appearance in three weeks. Photo: Xinhua
READ FULL ARTICLE