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Transcripts For DW Business 20240713

A 6 week closing high today boosted by upbeat data pointing to resilience in the worlds 2nd largest economy now this is washington and beijing agreed to suspend a new round of tariffs this weekend signaling a thaw in relations experts however caution that an interim phase one trade deal is not going to end the trade dispute but its a step in the right direction. Is chinas economy finally moving along again Industrial Production rose last month by 6. 2 percent over a year ago. Normally thats nothing to get excited about but given the economys recent weak performance it was something for beijing to celebrate as proof that its not suffering from its trade war with the us. You know the chinese economy remains stable and shows progress. When you didnt deliver streets that even in a complex and difficult International Environment chinas economy still a strong potential and plenty of room for action. Markets in shanghai reacted positively to the news closing a half a percent higher at their h

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