The Chinese economy continued to slow down this past quarter, with investments in key industries slackening and overall growth inching downward.
The Wall Street Journal reports the country’s economy grew six percent during the third quarter, down from 6.2 percent in the second and 6.4 percent in the first. Investments in agriculture, manufacturing, and construction were also down.
The Chinese government is planning “conditions and supports” for the fourth quarter to stave off any future economic retreat.
🔦 China is currently the United States’ top competitor for global economic activity. A trade war between the two countries has been ongoing since 2018.