Date: 9 months ago   Category: Markets

China has thrown all forces on trade war


Growth of industrial production in China has accelerated following the results of August while growth of investments into fixed capital was slowed down, follows from data of the Chinese government from which excerpts are given by Associated Press. Materials on teme00:11 — the Second a frontssha lose on June 28 billions because of trade war. Wins Rossiyapromyshlenny production in August has grown by 6,1 percent in comparison with 6 percent in July. Growth in the sector of trade was 9 percent against 8,8 percent a month earlier. At the same time investments of the enterprises into fixed capital have grown by 5,3 percent against 5,5 percent in July. The economists interviewed by the agency connect this tendency with aspiration of the companies to increase revenue in the conditions of trade war. They prefer to make available funds in raw materials, but not in the equipment. Also the enterprises want to manage to put more production before additional duties which can mention goods for the total amount of 200 billion dollars are introduced. One more reason — fear of the companies to increase debt. At the moment the USA and China have introduced mutual duties which extend to goods with a total amount about 50 billion dollars a year. At the end of August the U.S. President Donald Trump has threatened to extend them to goods of 200 billion in September, but hasn't made it yet. It is more than important news in Film of Day Telegram-channel. Subscribe!

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