China has the slowest quarterly growth in 27 years

  China has the slowest quarterly growth in 27 years
China's economy grew by 6.2% in the second quarter of 2019, which is the lowest quarterly growth rate in 27 years.
Analysts were quick to point out the influence of China’s economy on the ongoing trade dispute with the United States, but the Beijing government reported quarterly data showing that output and retail sales data for June are signs of improvement.
Growth in the first quarter of the year was 6.4% higher. In the face of continuing trade tensions with the United States, the Chinese government predicts an overall growth of between 6% and 6.5% in the second half of 2019.
The government said it would use financing tools to support small firms. Automobile production continued to decline, but companies selling throughout China offered discounts to consumers in an attempt to reduce accumulated stock.