The trade war has caused US exporters to lose market share in China, according to a Chinese government official. Photo: Reuters

Trade war is harming American economy more than China’s, claims official sent to US to defend Beijing’s position

  • US tariffs not the main cause of China’s slowing growth, Bi Jiyao, vice-president of the Chinese Academy of Macroeconomic Research, says
  • US President Donald Trump wrong to think China’s weakening economy will force Beijing to make concessions, he says
Topic |   US-China trade war

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The trade war has caused US exporters to lose market share in China, according to a Chinese government official. Photo: Reuters
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Investment in property development grew by 10.9 per cent in the first half of the year, down from 15.8 per cent in the year to May. Photo: Reuters

China economy reports lowest GDP growth on record for second quarter as US trade war bites

  • China’s economy grew by 6.2 per cent in the second quarter of 2019, the lowest figure since records began in March 1992, but other data for June better than expected
  • While this falls within Beijing’s GDP target for the year of between 6 to 6.5 per cent, it also shows the pressure the economy is under with the US trade war ongoing
Topic |   China economy

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Investment in property development grew by 10.9 per cent in the first half of the year, down from 15.8 per cent in the year to May. Photo: Reuters
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