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China’s Growth Slides to Weakest Pace in Almost Three Decades
China’s economy slowed to the weakest pace since quarterly data began in 1992 amid the ongoing trade standoff with the U.S., while monthly indicators provided signs that a stabilization is emerging.
Gross domestic product rose 6.2.% in the April-June period from a year earlier, below the 6.4% expansion in the first quarter.
- Bloomberg
In June, factory output and retail sales growth beat estimates, while investment in the first half of the year also gave further evidence that stimulus measures to curb the slowdown are feeding through.
Equity gauges in Shanghai and Hong Kong recouped early losses after the better-than-expected activity data.
The offshore yuan was little changed…