Exports: Government Efforts and Chinese Economy

exports: That's its weakest quarterly growth since the depths of the global financial crisis in early 2009 and below economists' expectations of 6.6%. The Chinese economy has lost momentum this year following government efforts to try to rein in high levels of debt, according to CNN. It has also started coming under pressure from US tariffs on more than 250 billion of its exports. The world's second biggest economy grew 6.5% in the third quarter of this year, according to official data published Friday. China is pumping more cash into its economy as the trade war heats up Chinese officials have turned to tax cuts, infrastructure spending and looser monetary policy as they seek to prop up growth. He predicts the slowdown will bottom out around the middle of next year. We think more easing will still be needed in order to stabilize growth, Julian Evans-Pritchard, senior China economist at research firm Capital Economics, said in a note to clients Friday. (news.financializer.com). As reported in the news.