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China’s growth to weaken further in the year 2020, analysts says.

The growth outlook of China for the remaining part of the year and in the next year is expected to become weaker due to the obstacles which include the drag from the trade war going on with the United States, as per the analysts.

Although a trade truce deal had been announced by the President of United States on Friday, as per which the tariff increase which was set to take effect in this week ono the Chinese exports was postponed and it is also likely that if a final agreement is reached before December, the new levy which had been expected on the 15th of December maybe done away with, however the tariffs which are in place on Chinese goods worth $ 360 billion will be continuing to impact the economy as it goes forward.

On Friday, the next mile marker of the economic slowdown in China will be coming when the country will report the growth in the third quarter and the analysts will be expecting it to slow to 6.1 % from the levels of 6.2 % which it saw in the second quarter. This was already the lowest rate of growth since the government had started publishing the quarterly GDP statistics from the first quarter of 1992 onwards.

If the expectations are matched in the third quarter, then unless there is a fourth quarter collapse, growth will be falling within the range of the government which is 6% to 6.5% as it was recorded at 6.3% in the year’s first half.

However the analysts have been quick to revise down the expectations for the next year below the lower end of the year’s growth range.

Kelly Rivera
Kelly Rivera Author
Lead Editor At Global Newspaper 24

Kelly has been one of the most knowledgeable personalities in the Global Newspaper 24’s Business section team. While she has completed MBA in Finance Degree, she has always demonstrated her core knowledge in business management and affection toward the freedom of expression through words by crafting superlative news reports for all the readers of the Global Newspaper 24 platform. At present, Kelly works as the Head of the Business Department and is responsible for checking all the news reports for readability while adhering to the quality standards of Global Newspaper 24. Kelly is a super-active personality that loves to write news reports on various topics such as mergers & acquisitions, latest product launches, and major business events.

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