2nd biggest Economy Economic growth fell to 6 point one percent while that was within the governments target zone it was lower than economists had forecast that was nesta man for chinese p. C. s and phones as well as products affected by the trade dispute with the United States such as furniture and textiles beijing and washington signed a phase one deal this week. China clocks the lowest Economic Growth in 30 years for more lets cross over to taipei and our correspondent so song hand so how much of that cooling can be attribute it to the trade war with the United States. Well chris according to some at spurs i talked to the existing u. S. Tariff on chinese goods could have a drag 0. 3 percent of the g. D. P. Growth and that is the direct impact if we count in the indirect impact of the global trade thats edition no drac of their 0. 2 percent so if we follow this logic china could have reached 6. 5 percent goal without a trade war even some say that china is also dealing with rising de
Just. On chris colfer welcome to the program chinas Gross Domestic Product last year grew at its slowest pace in almost 3 decades weaker exports and sluggish consumer demand weighed on the worlds 2nd biggest economy slowing Economic Growth to 6 point one percent while that was within the governments target zone and was lower than economists had forecast. The Chinese Government aims to accentuate the positive visit announced the countrys worst g. D. P. Growth since 1990. You suddenly turned up in 2019 the economy grew by 6 point one percent on the Previous Year that meets the projected target of 6 to 6. 5 percent. But those latest figures are an unwanted sign that beijing has failed to improve conditions the way it would have liked. Chinas expansion has been slowing for much of the last decade edging ever closer to the 6 percent mark some analysts say needs to stay above that point to continue generating jobs the latest figure takes it uncomfortably close. The government has already tri
Uncomfortably close. The government has already tried various measures aimed at slowing the slowdown including bond sales to Fund New Infrastructure and tax cuts ministers insist they have a plan for what to do next. Omeo enjoy a year we must stabilize employment finance trade when not foreign and domestic investment and expectations. The phase one trade deal signed with the u. S. This week will go some way towards bringing about the stability china craves middle need something more substantial from phase 2 if its to have anything to smile about. Lets go after all the bad our financial correspondent in frankfurt because both european and asian markets looking quite happy today. Thats right they pared some of the gains the asians but here in europe it just continued upwards and the markets are gaining quite clearly and i get the sense that theres also a lot more drive a lot more interest and what the people are buying you can see that on the one hand with the dax going almost within str
Container is he waved back to the port more than 3700. 00 metric tons of Plastic Waste have been dispatched from malaysia back to the countries that originally dumped them since the 3rd quarter of last year. The illegal shipments of come from developed nations such as france the u. K. And the us Southeast Asian countries such as malaysia have been flooded with western rubbish since china refused to accept any more plastic shipments in 2018 but time and again there is a legal consignments of being rejected so we have sent 150 the our 110 more that we will send across the 3 different. Ports in malaysia and its the dumping countries that will foot the bill malaysia says it wont be paying a penny to send the stuff back. The International Monetary fund has cut Global Growth estimates for 2020 the leader of the i. M. F. Is in davos switzerland for the World Economic forum today to discuss the World Economic outlook the i. M. F. Reports that compared to the outlook report in october estimated
Uncomfortably close. The government has already tried various measures aimed at slowing the slowdown including bond sales to Fund New Infrastructure and tax cuts ministers insist they have a plan for what to do next. Omeo into year we must stabilize employment finance trade when not foreign and domestic investment and expectations. The phase one trade deal signed with the u. S. This week will go some way towards bringing about the stability china craves dont need something more substantial from phase 2 if its to have anything to smile about. Lets go after all the bad our financial correspondent in frankfurt because both european and asian markets looking quite happy today. Thats right they pared some of the gains the asians but here in europe it just continued upwards and the markets are gaining quite clearly and i get the sense that theres also a lot more drive a lot more interest and what the people are buying you can see that on the one hand with the dax going almost within striking