US-China trade deal: a brake on slowdown in China

Summary

In 2019 as a whole, and in the midst of trade tensions with the US, China grew by 6.1%. This represents half a point less than in 2018, close to the lower-end of the official growth target range of 6–6.5%, representing the lowest on record since 1990.

Key points

• Key points:
• On January 16, the US and China signed phase 1 of the trade deal in Washington D.C., bringing in a truce after almost three years of disputes.
• Although this truce is not the end to all the trade arguments between the two countries, it is a first step in the right direction.

Geographies

Topics

Tags