Breaking Down China’s Slowdown
Trade tensions continue to weigh on China’s growth, creating added pressure to reach a trade deal with the United States.
Economic reports released last week provided further confirmation that the trade war is continuing to affect the Chinese economy. As shown in the LPL Chart of the Day, Industrial Production Weakening in China, U.S., China’s manufacturing increased just 4.8%, the slowest rate of growth in 17 years. Although that rate of manufacturing growth exceeds that of the United States, it represents a sharp slowdown for China.
Other data showed China’s retail sales grew 7.6% in... Read more