The Presidential Daily Brief


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    China's Economic Slowdown Is Getting Worse

    Despite posting a 6 percent year-on-year bump during the third quarter, the world's second-largest economy reported its slowest quarterly boost since early 1992. A deterioration in business activity has dragged it down over the past several years, while Beijing's trade war with Washington isn't making things any easier. “There is no doubt that the downturn is serious,” said one analyst.

    How long will this trend continue? With global demand for Chinese exports still slowing, economists expect sluggish growth for at least another two quarters.

    Read this OZY Acumen on U.S. public perceptions of China.

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