TANNERY OF THE YEAR 2020 COUNTRY COMMENTARY: CHINA

摘要

China's economy grew by 6.2% in the second quarter of this year, the lowest quarterly growth figure for 27 years. Commentators were quick to point to the effect on China's economy of the country's ongoing trade dispute with the US, not least because growth in the first quarter of the year (before more punitive tariff rates came into force in May) was higher at 6.4%. But the government in Beijing said on reporting the latest figures that factory output and retail sales data for the month of June offered signs of encouragement. With trade tensions with the US continuing, the Chinese government has predicted overall growth of between 6% and 6.5% in the second half of 2019.