China’s economy beats forecasts as stimulus offsets trade war damage – business live | Business – Business Article

Replicas of “Longevity” lanterns are seen in front of the Qianqing Palace in the Forbidden City in Beijing, China, this month. Photograph: China Stringer Network/Reuters Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. China has batted away concerns that its economy is faltering, by posting better-than-expected growth figures. Despite the pressure of Donald Trump’s trade war, the Chinese economy grew at an annual pace of 6.4% in the first…

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China’s trade with US slumps as tariff war hits demand – business live | Business – Business Article

8.59am BST 08:59 In another sign of economic weakness, car sales in China fell by 5.2% year-on-year in March. That’s follows a 13.8% slide in February, and means auto demand has been dropping since last summer. Henning Gloystein (@hgloystein) #China‘s #car sales fell 5.2% in March, marking the 9th straight month of decline in the world’s largest auto market. energy vehicle (NEV) sales however, which include #ElectricVehicles, soared by 85.4%… #Reuters #OOTT April 12, 2019 8.47am BST 08:47 Customs spokesman…

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European shares open lower ahead of key US-China trade talks – business live | Business – Business Article

Reuters has done a useful explainer on the trade negotiations. The two sides are trying to resolve deep differences over China’s trade and intellectual property practices, industrial subsidies and market access – to avert an increase in US tariffs on Chinese goods scheduled for 2 March. What are Washington and Beijing fighting about? After years of steadily rising US trade deficits with China and US complaints that Beijing has systematically obtained American intellectual property and trade secrets through coercion and…

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