BBCNEWS Business Briefing July 14, 2024
The worlds number two economy, china, grew at its slowest pace in almost three decades in the past three months, hit by the us china trade war and weakening global demand. Gdp came in at 6. 2 between april and june, the weakest pace for at least 27 years. The economy expanded by 6. 6 percent in 2018. June marked the first full month of 25 us tariffs on 200 billion of chinese goods, after the rate was raised from 10 weeks earlier. Figures on friday showed the impact of the increased tariffs on trade. Exports fell 1. 3 in june, while imports slumped 7. 3 , on flagging domestic demand. Elsewhere ...