Do China’s rising retail sales point to an economic upturn in the second half of 2019? Not so fast

//Do China’s rising retail sales point to an economic upturn in the second half of 2019? Not so fast

Do China’s rising retail sales point to an economic upturn in the second half of 2019? Not so fast

A slowdown in China’s second-quarter gross domestic product, while anticipated, showed the economy at its slowest pace of growth since the early 1990s. From a cyclical perspective, fears of a double dip in the economy have materialised. The ongoing impact of the US-China trade war and premature withdrawal of stimulus after April have cooled the growth engine in the manufacturing sector, which accounted for the lion’s share of the second-quarter slowdown. While the policy environment has turned…

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By | 2019-07-31T06:00:14+00:00 July 31st, 2019|Business|Comments Off on Do China’s rising retail sales point to an economic upturn in the second half of 2019? Not so fast