Global Slowdown ? China's Growth Slowest since 1990 !

[Chanakyaa]

Link : www.bbc.com/news/business-50092788

China's economy grew at a slower pace than expected in the third quarter as it struggled with a US-led trade war and softer domestic demand.

In the three months to September, the economy expanded 6% from a year earlier, official figures showed.

The result fell just short of expectations for 6.1% growth for the period.

The slowdown comes despite government efforts to support the economy, including measures such as tax cuts.

The latest figures mark a further loss of momentum in the world's second largest economy, which had already seen growth languishing at its slowest pace in around three decades.

The rate remained within the government's target range for annual growth of between 6% and 6.5%.

 

[Chanakyaa]

@Nilgiri

 

[war&peace]

Lolzz pot calling the kettle black...rich coming from a Gangadeshi when their much smaller economy has hit a low of 5 in GR

 

[Tauren Paladin]

India only grew 5% with a much smaller economy lol.

 

[Yankee-stani]

China is switching from labour intensive or cheap labor goods as expected

 

[Haris Ali2140]

Their GDP growth will slow down as their GDP grows just as America.

 

[Viva_Viet]

There r 280 Cnese migrant workers dont have stable jobs ( earn 1-10 $/ day only) and 5million Cnese confirmed jobless now.

The total is 285 million Cnese r worry abt their lives and can not pay back housing loan now.

Seem.like more hundred mil Cnese will lose jobs soon "tks" to trade war, and when too many Cnese have Nothing to lose, they will fight like HK students

 

[Hiraa]

Recession about to hit again?

 

[Brainsucker]

Link : www.bbc.com/news/business-50092788

China's economy grew at a slower pace than expected in the third quarter as it struggled with a US-led trade war and softer domestic demand.

In the three months to September, the economy expanded 6% from a year earlier, official figures showed.

The result fell just short of expectations for 6.1% growth for the period.

The slowdown comes despite government efforts to support the economy, including measures such as tax cuts.

The latest figures mark a further loss of momentum in the world's second largest economy, which had already seen growth languishing at its slowest pace in around three decades.

The rate remained within the government's target range for annual growth of between 6% and 6.5%.

Hey, I remember clearly that previously Indian members here boast that their country growth reach 8% last year?. Beat Chinese who had only around 6%. So what happen to their country now, after their growth fall into 5% today? Is it hurt?

For China to fall only about 0.2 - 0.4% despite facing a trade war is already a very good achievement.

 

[Akasa]

India will be the new regional power. Dictatorial regimes tend to collapse under the weight of its own policies of through foreign intervention after invading its neighbors.

 

[Rafi]

India will be the new regional power. Dictatorial regimes tend to collapse under the weight of its own policies of through foreign intervention after invading its neighbors.

Dream on, Sonny.

 

[Viva_Viet]

India will be the new regional power. Dictatorial regimes tend to collapse under the weight of its own policies of through foreign intervention after invading its neighbors.

Correct, I see Apple factories r moving from CN to India and creat lots of jobs for India.

India will have more money to build a much stronger military forces