The growth of the Chinese economy in April did not meet the expectations of the analyst: inside.
The growth of retail sales and production in the country were less than expected, as Reuters and AP News report, as the main reason that has increased increased imports between the United States and China since the beginning of April.
Retail of sales in retail was 5.1 percent, as can be seen from numbers from the National Bureau of Statistics. Consumer mood in China has been pressed for a long time, which is among other things due to the deteriorating location on the housing market.
China’s industrial production rose by 6.1 percent compared to the previous year. In March, growth was still 7.7 percent.
China and the United States agreed a 90-day, preliminary ceasefire in the trade war in May. This also includes a reduction in import tariffs. As a result, import duties on Chinese imports to the United States are now 30 percent and vice versa.
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