China reports its slowest Economic Growth in decades so theres a Trade Dispute with the u. S. To blame for a Slower Growth simply chinas new normal breakdown the latest from beijing. Also on the show the e. U. Takes action against turkey for its gas drilling off the coast of cyprus will tell you what it means and how ankara has responded. And farmers in argentina could benefit from south americas new trade deal with the e. U. Board about other sectors well that depends on the u. S. This is your Business Report im Stephen Beers in berlin thanks for joining us the chinese economy continues to cool new Quarterly Results showing the slowest growth in 27 years so does that mean china is on the ropes in its trade war with the u. S. Well not so fast domestic demand is up and state support appears to be kicking in but china does have its work cut out for it. In the past 3 decades the chinese
economy has undergone an extraordinary transformation developing from an inward looking agrarian based
uncertainty are increasing the unbalanced and in adequate development as home is still accused the economy is under a new downward pressure. much of that downward pressure is a result of the country s ongoing trade dispute with the united states which has seen the introduction of hundreds of billions of dollars in punishing tariffs. but there are home grown problems to for years chinese companies have taken advantage of largely unregulated lending leading to warnings of an impending debt crisis add to that weakening global demand don t you have a cocktail for a further slowdown in the future a source of concern far beyond beijing this year s size of the country s economy now means what happens to china happens to the world. and let s go now to our financial correspondent in new york. yes wall street hasn t really reacted to these numbers so tell us what is driving investors this week.
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