Shenzhen’s slowdown was driven, in a large part, due to its private investment growth plummeting in the third quarter, falling to a rate of only 0.3 per cent year from 12.3 per cent in the first half of the year. Photo: Xinhua

Shenzhen growth rate falls sharply in third quarter as US trade war weighs on China’s hi-tech hub

  • The growth rate for the home city of Huawei and Tencent slowed to 6.6 per cent in the first nine months of 2019 from 7.4 per cent in the first half of the year
  • Exports dropped 9.3 per cent, while the private sector investment rate plummeted to only 0.3 per cent, underlining the impact of the US trade and tech wars
Topic |   China economy

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Shenzhen’s slowdown was driven, in a large part, due to its private investment growth plummeting in the third quarter, falling to a rate of only 0.3 per cent year from 12.3 per cent in the first half of the year. Photo: Xinhua
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Presidents Donald Trump and Xi Jinping had been due to meet this month in Chile until the cancellation of the Apec summit. Photo: AP

Xi Jinping’s Brazil trip ‘may be too soon’ for China to sign partial US trade war deal

  • Beijing has not agreed to a stopover in US on way to summit, source says, with details of agreement not yet finalised
  • Removal of US tariffs remains a sticking point on Chinese side
Topic |   US-China trade war

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Presidents Donald Trump and Xi Jinping had been due to meet this month in Chile until the cancellation of the Apec summit. Photo: AP
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