China’s economy has signs of cooling further amid the difficulty of U.S. trade tariffs while there are records of low investments and consumers careful in spending based on the data shown on Tuesday. The fixed-asset investment grew less than anticipated of 5.5 percent in the first 7 months of the year, which resulted in a reduction of local borrowing for projects to kick up growth. Similar occurs for the Industrial output which was further influenced by pollution control and uncertainty on trade outlook and expected to execute more policy stimulus program. Escalating pressures on trade war have already affected the economy causing it to slow down while Beijing shifted its attention on improving domestic demand, implemented at a calculated approach when it comes to curbing financial risks and debt that pushed higher the borrowing costs and induce a rising number of defaults. The economy faces a shift in the economy without a trade shock, the Capital Economics foresees the central bank of China to reduce its official lending rate for the first time since 2015. Although, the prediction states a more modest but in a solid approach to support the upcoming months.
PAUTAN SEGERA
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