China Stocks Slump on Downbeat Economic Data. Tariffs Look to Be Biting.

Published 2 months ago Positive
China Stocks Slump on Downbeat Economic Data. Tariffs Look to Be Biting.
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Major Chinese stocks were falling Friday after data pointed to an economic slowdown in July, including sluggish retail sales growth. There’s pressure on Beijing to step up stimulus in the face of pressure from tariffs. Retail sales in China grew at an annual rate of 3.7% in July, China’s National Bureau of Statistics said Friday, slowing from a 4.8% pace in June.

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