China’s economy slows down in April as the trade war blues hit retail sales, housing and investment. world News

China’s economy showed signs of slowing down in April as President Donald Trump’s trade war took a toll, with retail sales, assets and investment as well as weaker than economists. Trump’s pain slowed down industrial production as a high fee of up to 145 percent, and imposed 125 percent of anti -anticance duties imposed by Beijing, and shipment was curbed. National Statistics Bureau spokesman Fu Linghui said that the general trend was positive, although he pointed to “external shocks” that had gained intensity. “It should also be noted that many outside are still unstable and uncertain factors, and need to further consolidate the foundation of continuous recovery and improvement of the national economy,” Fu said. There are some major indicators mentioned on Monday. Retail sales Chinese consumer housing markets are holding back after a long recession shock which is a source of much domestic money. A year ago in April, retail sales increased by 5.1 percent, below expectations for an increase of 6 percent economists. Fu said that Beijing will continue to focus on supporting employment generation and meeting more domestic demand. He also said that China should stop falling in prices. The consumer price index fell 0.1 percent in April. Such deflation is a symptom of weak demand and in the hope of later getting better deals, a factor behind the reluctance of the shopkeepers. “The current overall price level is low, which pressures production and operation of companies and affects jobs and income, so it is important to promote proper recovery of prices,” Fu said. On the US side, the consumer spirit has fallen slightly for the fifth straight month in May, the Americans rapidly worry that the trade war will spoil inflation. Industrial production increased by 6.1 percent from a year ago, slowing down by 7.7 percent in March as tariffs and other trade barriers were bitten in exports. Trus has helped in Trump’s trade war with China, Fu said, called it “favorable for the development of bilateral trade and recovery of the world”. With tariffs for 90 days to allow time for negotiations, shipments have been revived as businesses are crowded to meet back-to-school and other seasonal time limits. But Trump took over for the second time in January, China was under pressure from its business partners, so that exports to absorb their additional industrial production could be much more trusted. And if the output takes forward demand from businesses and consumers, prices will continue to fall. Louis Luo of Oxford Economics said in a report, “Export-powered benefits in the factory output may continue China’s manufacturing competition and front orders before the end of the 90-day truss, but it is constantly coming at the cost of deflation.” Investment and property sales The government said that in April in the first four months of the year, real estate investment in such things as factories and equipment increased by 4 percent. However, property investment fell 10.3 percent from January to April. The prices of the new house also reduced. While manufacturing is better than expected, the pressure from business is complicating Beijing’s effort to rotate the housing market and keep the economic reform on track. The Chief Economist of Greater China in ING Economics said in a report, “It is taking some time to establish a trough at a national level, because the recovery of the property market is making uneven and gradual. It is possible that tariff-related disappointment and uncertainty kept more buyers in April,” Lin Song, Chief Economics said in a report.