The Chinese economy in the second quarter, according to the National Bureau of Statistics, showed the slowest growth rates since the nineties due to the ongoing trade dispute with the United States. China's GDP grew by 6.2%, slowing down from a 6.4% rise a quarter earlier. In the first half of the year, an increase of 6.3% was recorded. Higher growth rates were also recorded in the retail sector, where the figure jumped 9.8%. At the same time, exports in dollar terms declined by 1.3% last month. The data on GDP in the second half of the year was not unexpected for investors, who assumed the negative impact of the US trade war on the growth of the Chinese economy.
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