【how much can a landlord raise rent in missouri】Trump trade war taking toll on China’s economy?

China’s economy and stock market are showing signs of softness amid an ongoing trade war with the U.S.

On Wednesday,how much can a landlord raise rent in missouri China’s Caixin Purchasing Managers’ Index – a private survey of activity among small- and medium-sized businesses – dropped 0.6 points to 49.4 in December, dropping below 50 for the first time since May 2017. A reading below 50 indicates contraction.

That follows disappointing results from the country’s Bureau of Statistics earlier this week, which also found that manufacturing activity shrank in December – for the first time in more than two years. China’s Purchasing Managers’ Index was 49.4 last month, which was the weakest level recorded since February 2016, according to Reuters. It was the result of a drop in new export orders.

Meanwhile, the major Chinese stock index suffered double-digit losses in 2018. The Shanghai Composite fell more than 24 percent for the year, its largest annual decline in a decade.

During the third quarter, China’s gross domestic product (GDP) growth missed expectations, coming in at 6.5 percent.

The Trump administration has imposed tariffs on about $200 billion worth of Chinese imports. The president had threatened to raise the tariff rate to 25 percent, but during the G-20 summit in Buenos Aires last month Trump agreed to hold off on increasing tariffs for at least 90 days while negotiations continue.

Over the weekend, leaders from both countries had positive things to say about the prospects for trade progress following a phone call on Saturday.

Meanwhile, the trade battle has rattled U.S. investors, as well. The U.S. equity market recorded its worst December performance since the Great Depression in the 1930s and the largest single-month drop since February 2009. The end of the year, in particular, was marked by a pickup in volatility.

On the other hand, GDP growth has remained relatively strong throughout 2018, expanding at 3.4 percent in the third quarter. In the second quarter, GDP was 4.2 percent. The downturn was attributed, in part, to a reduction in exports.

Related Articles

Fmr. Notre Dame Coach Lou Holtz Predictions for Trump vs. Media

Trump May Have Dropped Another Clinton Bombshell

Carson: Trump Could Destroy Obama's Legacy

View comments

很赞哦!（771）