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May 15, 2019
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China's economy weakens as a result of trade war

China's economy weakens as a result of trade war

China's factory output and consumer spending weakened last month as a trade war with Washington grew, adding pressure on Beijing to shore up shaky economic growth.

Wednesday's unexpectedly weak data prompted suggestions Beijing needs to boost stimulus spending and bank lending to hit this year's official economic growth target of 6% to 6.5%. President Xi Jinping's government has expressed confidence the economy can withstand U.S. tariff hikes in their fight over Chinese technology ambitions and other trade irritants.

Related Ticker: CHN

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Allana's AvatarAllana|Expert

Financial analyst and market blogger with expertise in equity research, fundamental analysis, and macroeconomic trends. I regularly publish coverage on individual stocks, ETFs, and sector developments — combining rigorous financial analysis with clear, engaging writing for a broad investment audience.

Industry description

CHINA FUND INC is a non-diversified, closed-end management investment company. Its investment objective is a long-term capital appreciation which it seeks to achieve by investing in equity securities with trading in China and outside China. It invests in various industries such as Insurance, Entertainment, Machinery, Electrical Equipment, Beverages, Hotels, Restaurants, and Leisure among others.
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