Trade wars work

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From Yahoo/Reuters:

China's slowdown deepens; industrial output growth falls to 17-1/2 year low
The slowdown in China's economy deepened in August, with growth in industrial production at its weakest 17-1/2 years amid spreading pain from a trade war with the United States and softening domestic demand.

Retail sales and investment gauges worsened too, data released on Monday showed, reinforcing views that China is likely to cut some key interest rates this week for the first time in over three years to prevent a sharper slump in activity.

Despite a slew of growth-boosting measures since last year, the world's second-largest economy has yet to stabilise, and analysts say Beijing needs to roll out more stimulus to ward off a sharper slowdown.

All Beijing has to do is normalize their currency and stop the unfair trade practices. Things will rapidly get back to normal. That is all...

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This page contains a single entry by DaveH published on September 17, 2019 11:00 AM.

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