US President Donald Trump on Tuesday moved forward with plans to place a new 10 per cent tariff on Chinese goods. Photo: AP

China slowdown persists as industrial economy posts worst growth since February 2002

  • Industrial production – a measure of China’s industrial sectors including manufacturing and mining – grew by just 4.8 per cent in July
  • Retail sales, a key metric of consumption in the world’s most populous nation, grew 7.6 per cent in July, down from 9.8 per cent growth in June
Topic |   China economy

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US President Donald Trump on Tuesday moved forward with plans to place a new 10 per cent tariff on Chinese goods. Photo: AP
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Singapore is heavily trade-dependent, second only to Luxembourg in trade-to-gross domestic product terms, and is usually seen as a leading indicator for how other nations are likely to perform. Photo: Reuters

Singapore economy tipped for recession as US-China trade war slams imports, exports, manufacturing

  • Second quarter growth in the city state confirmed at minus 3.3 per cent on a quarterly basis, down from 3.8 per cent growth in the first quarter of 2019
  • ‘With everything that we are seeing, it is quite possible that there will be a recession in the third quarter of the year,’ said Coface economist Carlos Casanova
Topic |   Singapore

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Singapore is heavily trade-dependent, second only to Luxembourg in trade-to-gross domestic product terms, and is usually seen as a leading indicator for how other nations are likely to perform. Photo: Reuters
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