Trump explained the decline in GDP growth of China trade war with the United States

The decline in China’s GDP growth was the result of a trade war with the United States, said United States President Donald Trump. 

“China posts slowest economic numbers since 1990 due to U.S. trade tensions and new policies. Makes so much sense for China to finally do a Real Deal, and stop playing around!” – he wrote on Tuesday in his Twitter.

China’s GDP growth in 2018 slowed down to its lowest levels since 1990, amid weakening domestic demand and under pressure from a trade and economic dispute with the United States. According to preliminary calculations, China’s gross domestic product in 2018 was 90.03 trillion yuan (about 13.28 trillion dollars), which is 6.6% more than last year. In particular, the annual GDP growth in the first quarter was 6.8%, in the second – 6.7%, in the third – 6.5%, in the fourth – 6.4%. 

Ning Jizhe, the director of the National Bureau of Statistics of China and Vice Chairman of the National Development and Reform Commission, commenting on the economic indicators of last year at the press conference, stressed that China continues to make one of the main contributions to the growth of the world economy. He also acknowledged that the trade and economic dispute with the United States does affect the economy of the country, however, according to him, this influence can be controlled.

Tom Tompson
d3umka@yahoo.com

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