U.S. China trade war is still having adverse effects on the World Economy. The worst affected is China itself. The third quarter saw China’s economic growth slowing by 6%. The reason being termed is limited domestic demand and the downturn in global trade. Meanwhile, the dollar price was the weakest since the commencement of the Trade war.
Asian stocks got hit too. Japan’s Topix slid 0.2%, Shanghai Composite fell by 0.6%. The pound was at $1.2844, down by 0.4%. West Texas Intermediate crude fell 0.2% to $53.82. Analysts say that these Asian stock numbers are less than what was estimated. Investors look to a potential U.S. China trade war deal between President Donald Trump and Xi Jinping next month.
