BEAMSTART Logo

China's weak consumption drags on economy as Trump tariff threat looms

Channel News Asia LogoChannel News Asia4h ago

China's weak consumption drags on economy as Trump tariff threat looms - Channel News Asia

Quick Summary:

BEIJING: China's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more US trade tariffs under a second Trump administration.

Trump, who is set to start his second term as the US president in January, has threatened tariffs in excess of 60 per cent on imports of Chinese goods.

Policymakers continue to grapple with a years-long property crisis that is dragging on consumer confidence and the broader economy, with some 70 per cent of household savings parked in real estate.


More Pictures

China's weak consumption drags on economy as Trump tariff threat looms - Channel News Asia (Picture 1)China's weak consumption drags on economy as Trump tariff threat looms - Channel News Asia (Picture 2)

or

Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 12:12:20 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 703 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 24425891

View Article Analysis

About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 9 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "China's weak consumption drags on economy as Trump tariff threat looms" has 703 words across 24 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Which news outlet covered this story?

The story "China's weak consumption drags on economy as Trump tariff threat looms" was covered 4 hours ago by Channel News Asia, a news publisher based in Singapore.

How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 9 news stories per day.

It's most recent story was published 1 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #24425891
  • URL: https://beamstart.com/news/chinas-weak-consumption-drags-on-17343255824398

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.