Reuters:
BEIJING (Reuters) – China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.
Activity in China has continued to cool despite a flurry of growth steps over the past year, raising questions over whether more rapid and forceful stimulus may be needed, even if it risks racking up more debt.
After a flicker of improvement in June, analysts said the latest data was evidence that demand faltered across the board last month, from industrial output and investment to retail sales.
That followed weaker-than-expected bank lending and gloomy factory surveys in recent days, along with the return of producer price deflation, reinforcing expectations more policy support is needed soon.
“China’s economy needs more stimulus because the headwinds are pretty strong and today’s data is much weaker than consensus,” said Larry Hu, head of Greater China economics at Macquarie Group in Hong Kong. more here
I’m guessing this is what to expect when a patsy is tired of being…..a patsy.
It is a race to the bottom. They can’t eat phones and electronics. And we can live without longer than they can.
not to worry … when Creepy Joe gets back in charge him & Hunter’ll make deals w/ China that’ll put them right back on the path to recovery!
Someone was asking me the other day about what is happening in China and Hong Kong. I told him, move Manhattan Island to Puerto Rico Island and vice versa, then put Bernie in charge of the country. What would he do with Puerto Rico? That’s what’s going on in China.
Much like leftists, China is making a lot of noise right now as it struggles to keep its head above water.
Dropping to steal Japanese toys now. Pics.
https://www.shine.cn/news/metro/1908140183/
It’s the economy Obama dreamed about for the USA.
The current gaggle of socialist candidates want to keep the dream alive.
This. is exactly what President Trump said would happen, I wonder if China likes being on their knees?
Globalism requires the wealthiest nation (US) be reduced to a “neutral” standing in terms of the rest of the world, much of which is poverty-stricken, totalitarian, and so far below our standard of living you would be appalled. We’ve been subsidizing the world’s lack of effort & ingenuity for too damned long, to our own detriment, and it sure hasn’t made any of them like us any better-even places where we’ve sure sacrificed a lot of our people for their freedom.
Obama & his predecessors put us a long way down that road.
Trump is pulling us back from the brink with everything he can use. I admire the man greatly for this, and it’s why the ungodly hate his guts.