China’s economic growth hit at least a 27-year-low according to data.

Reuters:

China’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.

More info

The April-June pace, in line with analysts’ expectations, was the slowest since the first quarter of 1992, the earliest quarterly data on record.

“China’s growth could slow to 6% to 6.1% in the second half,” said Nie Wen, an economist at Hwabao Trust. That would test the lower end of Beijing’s 2019 target range of 6-6.5%.

Trump tweeted about this:

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.

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