The slowdown of China's economy threatens global growth

The slowdown of China's economy against the backdrop of a trade war between the US and China has become an obvious fact that will affect global growth, Bloomberg writes. The campaign to limit loans developed in China has caused braking in the world's second largest economy, which accounts for one third of the growth of the global economy. This suggests that the stage of the highest growth in many years can be completed. The Chinese economy in the second quarter increased by 6.7%, showing the lowest rate since 2016. In June, there was also a reduction in the main indicators of investment growth and industrial production. Experts believe that the beginning of the trade war between China and the United States will affect all countries in the world, putting the global supply chains, foreign investments and transport companies under attack.

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