China gets fear what's the reason

BEIJING: China's economic growth has slowed to an unprecedented 26-year high following a trade war between the United States and China. In China, the third quarter of the current fiscal year, July-September, the country's GDP fell to just 6 percent. It was up 6.2 percent in the second quarter of the current fiscal. The decline in China's GDP growth after 1993, as the country forecasts GDP growth of 6% to 6.5% in the third quarter of the current fiscal year.

Is trade war the cause of China's plight?

On the one hand, the US is not alone in these two countries because of the ongoing trade war between China. World countries have seen a huge decline. However, it is true that countries like India are the worst affected. The most affected by this trade, however, was China.

China, the world's second largest economy, is hit by the economic downturn, productivity, unemployment and unemployment.

Merchants Damaged by Trade War The slow economic growth of China, which has been slowing down, has affected traders in that country and many corporations and traders around the world.

It is said to have reduced the demand for commodities, notably iron and ore, and fewer commodities. This could be attributed to the recession in Brazil, Australia and some other countries.

GDP is declining, on the other hand, the overall economy of the country is said to be stable and the standard of living of the people has improved. China's GDP growth stood at 6.8 percent in fiscal 2018 and domestic trade was hit by a trade war in the current fiscal year. The issue, which has been head-to-head over the past year, is reportedly not going to end.

The impact of trade

The US expects China to cut its industrial output, investments, and consumer purchasing power as the country's domestic trade is severely weakened, as the US exits US companies and imposes higher taxes on goods imported from China Noteworthy.

This has forced many large corporations to leave China.

It is a well-known fact that China's trade has been wobbly. The impact of the new taxation will be huge

China, already troubled by the imposition of the tax, is expected to have a major impact on China's growth in 2020, with the new tax levy now in effect on December 15.

Last August, China said it would impose additional taxes on US goods worth $ 75 billion. Additional taxation was announced at 10% and 5% respectively. The 10% tax will come into effect on September 1, with a 5% tax increase effective from December 15.

What's the solution?

Even though the two countries have held many talks for a long time, no amicable solution has been reached so far. According to sources, there is no agreement between the two countries as of now, and no deal is likely to be signed until the US presidential election. It is not yet known where China and other countries are going. And while developing countries such as India are already experiencing a drastic decline, the problem is still unknown. However, some reports suggest that this can only be done by promoting domestic trade.