Chinese growth slows down as commercial turmoil weighs on the economy

The Chinese economy has slowed down as trade turmoil caused by US President Donald Trump’s rates and the prolonged property market crisis weighs on growth.

Official data show that the world’s second largest economy increased by 5.2% in the three months until the end of June, compared to the same time last year. This is a reduction of 5.4% in the previous quarter.

But the country has so far avoided a sharp decline, partly due to measures declared by Beijing to support the support of the economy and the fragile tariffs in reconciliation with Washington.

The economy “withstands pressure and made a steady improvement, despite the challenges,” China’s National Statistics Bureau said in a statement.

Officials said economic growth was aided by 6.4% expansion of production, with a more demand for 3D printing devices, electric vehicles and industrial robots.

The Services sector in the country – which includes areas such as transport, finance and technology – has also made profits.

But in June, the growth of retail sales slowed to 4.8% compared to a year earlier, compared to a 6.4% increase in May.

Also on Tuesday, official data showed a decline in new home prices in China in June, fell at the fastest monthly rate of eight months.

The data show that the real estate industry in the country continues to fight, despite a few rounds of support for property prices.

Some economists expect China to miss their goal for growth “about 5%” this year.

“The real question is how much. We believe it will protect a floor of 4%, which remains the minimum politically acceptable level,” the BBC told the BBC.

The Tariff War between China’s President Xi Jinping and Trump has led the United States to impose a 145% fee for Chinese imports. In return, Beijing introduced 125% duty on some American goods.

These tariffs were stopped after negotiations in Geneva and London. The two sides already have until August 12 to achieve a long -term trade deal.

Washington has also hit countries with close economic ties with China with major levies.