The Trade War Is Not the Only Drag on China’s Slowing Economy

The Trade War Is Not the Only Drag on China’s Slowing Economy
A man walks past China’s central bank, or the People’s Bank of China, in Beijing, March 10, 2019 (AP photo by Andy Wong).

Editor’s Note: Every Wednesday, WPR Newsletter and Engagement Editor Benjamin Wilhelm curates the week’s top news and expert analysis on China.

Economic data published Monday revealed China’s economy is growing at its slowest pace since at least 1992, when modern record-keeping for quarterly growth began. Official figures from China’s National Bureau of Statistics showed the economy grew 6.2 percent between April and June, compared with a year earlier. Though it still looks like a brisk pace, it represents a slowdown for China, where the previous quarter’s growth rate was 6.4 percent.

A slump in trade was a main reason for the decline. Exports fell 1.3 percent as U.S. tariffs on $200 billion worth of Chinese goods rose from 10 percent to 25 percent in May. While the trade war has limited American purchases from China, economic weakness in Europe and many Asian countries is also weighing on demand for Chinese goods overseas.

Keep reading for free!

Get instant access to the rest of this article by submitting your email address below. You'll also get access to three articles of your choice each month and our free newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having a personal curator and expert analyst of global affairs news. Subscribe now, and you’ll get:

  • Immediate and instant access to the full searchable library of tens of thousands of articles.
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday.
  • Regular in-depth articles with deep dives into important issues and countries.
  • The Daily Review email, with our take on the day’s most important news, the latest WPR analysis, what’s on our radar, and more.
  • The Weekly Review email, with quick summaries of the week’s most important coverage, and what’s to come.
  • Completely ad-free reading.

And all of this is available to you when you subscribe today.

More World Politics Review