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The trade war with America hurts, but the government is wary of stimulus
China’s economy is slowing, again. After a good start to the year annual growth slipped to 6.2% in the second quarter, the weakest in nearly three decades. That is hardly cause for panic: for an economy now worth nearly $14trn, such a growth rate is impressive. As the trade war with America hurts exporters, it also underlines the extent to which China’s economy is now fuelled by domestic demand. The question for the coming months is whether that domestic strength will remain sufficient to offset the trade turmoil.
The export picture has clearly worsened. Last year, even as America’s president, Donald Trump, first levied tariffs on China, the country still managed to increase its exports by 10%. But this year Chinese exports have all but stopped growing.Customized AL6005-T5 Solar Ground Mount free sample and its quotation and pricelist consultation, China Ground Mounting System manufacturers and suppliers，Welcome to buy our products.