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- While exports have been resilient, unexpectedly accelerating in September, much of this strength has been attributed to businesses front-loading shipments to dodge higher U.S. duties. The more timely private and official factory purchasing manufacturing index surveys showed export orders on the wane. - Analysts and government officials expect full year growth to easily meet China’s official 6.5 percent target. Friday’s data suggests the economy could miss this goal, with the big challenge for Beijing is how to keep growing overall output in the face of U.S. President Donald Trump’s “America Only” protectionist policies.
BEIJING (Reuters) - China will be able to reach its full-year economic growth target of around 6.5 percent in 2018 even as downward pressure increases, and will be able to maintain steady growth next year, a spokesman of the country’s statistics bureau said on Friday, Infrastructure silver plated cufflinks engraved investment growth is expected to stabilize while the trend of ‘consumption upgrade’ continues, the bureau’s spokesman Mao Shengyong told reporters after the release of China’s third-quarter output data..
BEIJING (Reuters) - China’s industrial output grew 5.8 percent in September from a year earlier, missing expectations, while fixed-asset investment growth rose to 5.4 percent in the first nine months, above forecasts, data showed on Friday. Analysts polled by Reuters had predicted industrial output would grow 6.0 percent, slowing from 6.1 percent in August. Investment growth had been expected to hold at 5.3 percent in the first nine months of the year, matching a record low growth rate in January-August.
Private sector fixed-asset investment rose 8.7 percent in January-September, compared with an increase of 8.7 percent in the first eight months, according to official data, Private investment accounts for about 60 percent of overall investment in China, Retail sales rose 9.2 percent in September from a year earlier, Analysts had expected retail sales to rise 9.0 percent, unchanged from the growth rate in August, Beijing and Washington have slapped tit-for-tat tariffs on each other in recent months and plans for silver plated cufflinks engraved bilateral trade talks to resolve the dispute have stalled, triggering a domestic market rout and putting pressure on China’s already softening economy and weakening currency..
BEIJING (Reuters) - China’s economy grew at a slower than expected pace of 6.5 percent in the third quarter from a year earlier, marking the weakest rate since the global financial crisis, official data showed on Friday. The data points to a modest cooling in the world’s second-largest economy, as the government’s multi-year efforts to tackle debt risks begin to weigh on growth and as a trade war with the United States threatens exports. Analysts polled by Reuters had expected gross domestic product (GDP) to expand 6.6 percent in the July-September quarter, slowing only marginally from 6.7 percent growth in the previous quarter.
The GDP reading was the weakest year-on-year quarterly growth since the first quarter of 2009 during the global financial crisis, Recent economic data have pointed to weakening domestic demand with softness across factory activity to infrastructure investment and consumer spending, as a years-long crackdown on riskier lending and debt has pushed up companies’ borrowing costs, On a quarterly basis, GDP in the third quarter grew 1.6 percent, silver plated cufflinks engraved compared with growth of 1.8 percent in April-June, the National Bureau of Statistics said..
WASHINGTON/OSLO (Reuters) - The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminum, according to a U.S. official familiar with the matter. The requests, filed on Thursday, cover tariffs by China, the European Union, Canada and Mexico, which followed the United States imposing a 25 percent duty on steel imports and a 10 percent tariff on aluminum imports, which it justified on national security grounds.
Canada, Mexico and China had also planned to ask for a WTO panel examining those tariffs, according silver plated cufflinks engraved to another government official familiar with the matter, Earlier on Thursday, Norway said that it, the EU and other countries would seek the WTO dispute group’s help, China has filed a request with the WTO to establish an expert group to determine the legality of the tariffs, its commerce ministry said late on Thursday, In a statement posted on its website, the ministry said the U.S, decision to adjust the tariffs was an act of protectionism that seriously undermined multinational trade rules..