China's economic growth decelerates to a 26-year low in the latest quarter amid a tariff war with the US
This photo taken on October 14, 2019 shows containers stacked at the port in Qingdao, in China's eastern Shandong province.
The slump increases pressure on Chinese leaders to avert politically dangerous job losses as they fight a tariff war with President Donald Trump over Beijing's trade s urplus and technology ambitions. Trump agreed last week to delay a tariff hike on Chinese goods and said Beijing promised to buy up to $50 billion of American farm goods. Officials say the two sides still are working out details.
Chinese leaders are in a marathon campaign to nurture growth based on domestic consumption and reduce reliance on trade and investment. But those plans call for maintaining the level of exports that support millions of jobs.
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