China To Announce Weakest Economic Growth in 30 Years....Sad Panda
The baseline when reviewing economic data from China is to remember the entire economy is controlled by the communist central government. If they say the economy is "less strong" than previously expected, generally we can anticipate the truth is much worse.
The second aspect to remember is that many U.S. manufacturers made anticipatory advanced purchases, building up inventory ahead of possible tariffs, in the 3rd and 4th quarters of 2018. Those advance purchases can amplify any manufacturing slow down.
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BEIJING (Reuters) - China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.
https://www.reuters.com/article/us-china-economy-gdp-idUSKCN1PE02Z?utm_campaign=trueAnthem:+Trending+Content&utm_content=5c4424b904d30163499ac572&utm_medium=trueAnthem&utm_source=twitter.{{embed|t=sWjoI_1548103834}}.{{embed|t=XyFa_1548104366}}..{{file|t=k0YDu_1548101498}}.{{file|t=s03l8_1548101569}}