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What The Slowing Chinese Economy Means For The Trade War

Video Credit: The Street
Published on October 18, 2019 - Duration: 01:43s

What The Slowing Chinese Economy Means For The Trade War

The Chinese economy is slowing, according to data.

China's growth rate in the third quarter was 6%, the slowest pace since the first quarter in 1992.

With slumping exports, halted manufacturing and eroding domestic demand, China faces significant headwinds in the coming months, regardless of the outcome of trade negotiations with the United States.

China, the world's second-largest economy, may look to add further monetary and financial stimulus to shore up growth and avoid deterioration in the country's labor market.

So, what does that mean for a U.S.-China trade deal?

Tony Owusu, reporter for TheStreet, and Art Hogan, chief market strategist for National, weighed in on what it means for the U.S.-China trade war.

"I think what it's telling you is that the Chinese economy is going through a transition right now.

They want to go from being the producer of cheap goods to the world to be in the net consumer.

And that's been a generational change.

So endemic in that process is going to be a slowdown in economic growth," said Hogan.

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