Economics
China's Problems Keep Piling Up With Trump, Economy, and Markets
- Senior regulators seek to reassure investors after stock rout
- ‘China is under pressure on multiple fronts,’ analyst says
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Stock-market turbulence and a sharper-than-expected economic slowdown are ratcheting up pressure on China’s leaders, just as Donald Trump does the same.
A day after the Shanghai Composite Index plunged to a four-year low and Trump took new steps to escalate his trade war with Beijing, third-quarter growth figures showed China’s economy expanding at the weakest pace since the depths of the global financial crisis in 2009. Faced with a growing panic in the stock market, the chiefs of China’s market regulator, central bank and financial watchdog all issued statements calling for investor calm.