CHINA’S economy likely expanded the slowest in a year last quarter despite a boom in exports.
As trade tensions escalate with the US, a weakness in investment, industrial output and retail sales, is undermining the momentum from record sales abroad.
“There is increasing consensus among the policymakers that boosting consumption is important, given tariff risks and falling investment returns in traditional sectors”.
China has now had nine straight quarters of deflation – the longest streak of economy-wide price declines since market reforms in the late 1970s.
The government at all levels sold 11.5 trillion yuan worth of bonds in the first three quarters, a 60 per cent increase from last year.
Source: SCMP
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