China's second-quarter growth slumps to 27 year low
The damaging trade with the US could have been one of the reasons proving to be a drag on the world's second-largest economy.China's GDP rose 6.2 per cent in the April-June which was below 6.4 per cent in the first quarter, the Bureau said.Beijing is locked in a protracted trade spat with Washington which has taken a toll on its economic health. Even though Beijing's officials are busy hammering out a trade deal with their US counterparts, it is known how long it will take clinch the deal.The Bureau said the economy is faced with a complex situation amid the rising external uncertainties,It also added that there was a new downward pressure on the economy.(Gaurav Sharma can be contacted at sharmagaurav71@gmail.com)
--IANS gsh/ksk