China’s economic growth hit at least a 27-year-low according to data.
Chinaâ€™s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.
The April-June pace, in line with analystsâ€™ expectations, was the slowest since the first quarter of 1992, the earliest quarterly data on record.
â€œChinaâ€™s growth could slow to 6% to 6.1% in the second half,â€ said Nie Wen, an economist at Hwabao Trust. That would test the lower end of Beijingâ€™s 2019 target range of 6-6.5%.
Trump tweeted about this:
….with the U.S., and wishes it had not broken the original deal in the first place. In the meantime, we are receiving Billions of Dollars in Tariffs from China, with possibly much more to come. These Tariffs are paid for by China devaluing & pumping, not by the U.S. taxpayer!
â€” Donald J. Trump (@realDonaldTrump) July 15, 2019
China is still trying to act like the trade war isn’t messing with them but at the very least it is forcing them to change their entire economy as a way to combat the President.
The bottom line is that no President has handled China like President Trump has and as long as he is in office China will be forced to treat America fairly.
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri two years ago at the age of 19. Since its founding, it has gotten over 200k pages views and over 20k followers. The Palmieri Report is dedicated to debunking the lies spread by the left-wing Mainstream Media.