Is The Chinese Boom Finally Winding Down?

Credit: Wochit
Published on July 15, 2019 - Duration: 00:36s

Is The Chinese Boom Finally Winding Down?

China's GDP for the second quarter grew at its slowest rate since the global financial crisis in 2008.

According to Business Insider, the weak 6.2% rise is the result of a combination of factors.

They include China's trade war with the US, deleveraging, and structural weakness in China's banking system.

While there's a chance Q3 will be less bad, it's not a signal that China's economy is stabilizing yet.

The case for dramatic action from Chinese policymakers is still very much in play.

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