Cooling. Demand at home and abroad continues to falter the latest Quarterly Results are in line with expectations they show state support is finally kicking in but that more stimulus will be needed as chinas trade conflict with the United States rages on. In the past 3 decades the chinese economy has undergone an extraordinary transformation developing from an inward looking agrarian based society to a Major Industrial powerhouse growth has been rapid for years double digits were the norm now the pace of expansion is slowing down in the last quarter g. D. P. Rose by 6. 2 percent solid by many standards but for china the worst performance since the early 1990 s. The governments been keen to offer reassurance but doesnt deny there are problems with some. From bunyan generally speaking Economic Performance in the 1st half of
the year was within a reasonable range and has sustained momentum and overall stability. However we should also be aware that the Economic Conditions are still severe
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
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economy has undergone an extraordinary transformation developing from an inward looking agrarian based society to a major industrial powerhouse growth has been rapid for years double digits were the norm now the pace of expansion is slowing down in the last quarter g.d.p. rose by 6.2 percent solid by many standards but for china the worst performance since the early 1990 s. the government s been keen to offer reassurance but doesn t deny there are problems from. from one year and generally speaking economic performance in the 1st half of the year was within a reasonable range and has sustained momentum and overall stability. however we should also be aware that the economic conditions are still severe both at home and abroad global economic growth is slowing down the external instability and
report i m 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 society to a major industrial powerhouse growth has been rapid for years double digits were the norm now the pace of expansion is slowing down in the last quarter g.d.p. rose by 6.2 percent followed by many standards but for china the worst performance since the early 1990 s. the government s been keen to offer reassurance but doesn t deny there are problems