China Beijing

The Chinese economy has grown at its slowest pace since the early 1990s in the second quarter.

In line with forecasts, China’s economy grew by 6.2% in the three months to June as the ongoing trade war with the US continued to take its toll.

After growth of 6.4% in the first quarter, the Chinese statistics bureau said it had “performed within the reasonable range” in the first half of the year.

The government has tried to boost economic growth with increased spending and introducing tax cuts, and there were positive indicators in June. Retail sales were up 9.8% compared with June last year, and industrial production at 6.3%.

Performance of the Chinese economy is often seen as an indicator of global growth and with no sign of the US trade war ending, there are strong concerns among market analysts.

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