China second-quarter GDP growth set to slow to 6.2%, 27-year low, as trade war bites

From reuters.com

China is expected to report on Monday that economic growth slowed to its weakest pace in at least 27 years in the second quarter, reinforcing the case for more stimulus as a bruising trade war with the United States drags on. Policymakers are likely to ratchet up support measures to prevent mass job losses that could pose a threat to social stability, but analysts say the room for aggressive stimulus is limited by fears of adding to already high debt levels and structural risks. “The gloom hanging over China’s economy is unlikely to go away soon due to challenges on both domestic and external fronts,” analysts ... (full story)