Chinese Markets: Zhu Hong and Growth Rates

chinese markets: The impeachment of Trump will now become a drawn-out saga that feels like annoying supermarket music, Jeffrey Halley of Oanda said in a report, according to Market Watch. Also Thursday, the Commerce Department reported the U.S. economy grew at a modest 2% in the second quarter, sharply lower than the past year's 3%-plus growth rates. The congressional inquiry into Trump is throwing more volatility into a market that already was nervous over U.S.-Chinese trade tension. The Shanghai Composite Index SHCOMP, 0.11% flattened out on the last day of trading before Chinese markets close for a weeklong holiday. Disruptions from strong storms last month also contributed to it, Zhu Hong, an economist with the bureau, said in a statement. China's industrial profits dropped 2% in August from a year earlier, after rising 2.6% in July, the National Bureau of Statistics of China said Friday. (news.financializer.com). As reported in the news.