China’s economy grew at a steady rate of 6.4% in the first quarter.The improvement in growth is due to (a)industrial production jumped sharply and (b)consumer demand showed signs of improvement. China has also enhanced its fiscal stimulus to shore up growth by announcing billions of dollars in additional tax cuts and infrastructure spending. However,the economic… Continue reading China’s GDP grows at 6.4% in Q1,defies expectations slowdown
Tag: TRADE DEAL
China,US close to reaching a trade deal
The United States and China are in the final stage of completing a trade deal.The deal would end the trade war between both the countries that has been escalating since last year. Trade war is a situation where countries restrict each other’s trade by imposing tariff or quota on imports.US had started imposing tariffs on… Continue reading China,US close to reaching a trade deal
