Economy News China S Middle Class Sees Decrease In Confidence As Economy Faces Slowdown
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China's economy slows to 4.8% annual growth in July-September, hit by tariffs and slack demand
HONG KONG (AP) — China's economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. The ... Read More
China's economy slows as trade war, weak demand highlight structural risks
China's Q3 GDP grows 4.8% vs Q2's 5.2%, in line with forecast September data show weaker retail sales, stronger factory output Property downturn, trade tensions weigh on demand, confidence Investors ... Read More
Bank of America CEO cautions over middle class feeling the 'pinch' as economy faces new threats
Bank of America Chairman and CEO Brian Moynihan cautioned that while the American consumer remains a powerful force keeping the economy afloat, the middle class is beginning to feel the strain. Read More
China's next 5-year plan puts focus on tech and consumers as trade wars drag on economy
HONG KONG (AP) — China's leaders are vowing to reduce its reliance on foreign advanced technology and spur stronger domestic demand as it weathers “high winds” amid elevated trade tensions with the ... Read More
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