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China's economy shows further signs of strain


China's economy showed further signs of strain today. Data showed a sharp slowdown in consumer spending and factory production, while investment growth also hit a record low following the trade war with the US.

Beijing is battling a tariffs row with the United States, as well as a weak global outlook. At the same time, it is trying to control a high level of debt at home.

A National Bureau of Statistics official warned China was facing a "complex international economic situation" with downward pressure on the domestic economy.

Analysts also warned of more headwinds for the world's number two economy. China expanded six percent in the third quarter, it's worst reading in almost three decades.

Authorities have unveiled a series of measures to kickstart growth including major tax and rate cuts, and scrapping foreign investment restrictions in its stock market.

He said the Supreme Court admonished Mr. Gandhi for dragging the Court in political discourse. He said Rahul Gandhi's credibility has gone down after this. (AIR NEWS)

233 Days ago

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