I’m sure this is all part of the government’s plan, and that it’s the right thing to do, but ahead of further tariffs the US is planning, the Chinese economy slowed. Fixed asset investment grew at 5.5 per cent caused by a local government crackdown on lending; new yuan denominated loans dropped to 1,450 billion. Industrial production remained steady at 6 per cent, as it was in June, and retail sales dipped to 8.8 per cent from 9 per cent.
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