China Factory Output Slumps But Consumption Offers Bright Spot

Source: International Business Times

The United States and China this month agreed to a temporary truce in a blistering trade war between the United States and China that saw tariffs soar to eye-watering levels AFP China's factory output grew slower than expected last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a rare bright spot for the economy. The United States and China this month agreed to a temporary truce in a blistering trade war that saw tariffs hiked to eye-watering levels and upended global supply chains. And the impact of the standoff was highlighted Monday as a report showed industrial production grew just 5.