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As China's Xi Jinping Prepares To Meet Trump At G20, Chinese Economy Stable But Weak

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Business Insider reports the state of the Chinese economy heading into a meeting of the G20 is stable--but weak. Policymakers say that attempts to target injections of credit into the system won't be enough to keep the economy stable in the face of increasing pressure. And that pressure isn't just coming from the trade war, but China's old nemesis — corporate and financial sector debt. If trade hostilities continue to ratchet up, China's economy could be tipped into another period of major strain, like what was seen at the end of 2018.

Added on the 27/06/2019 16:06:47 - Copyright : Wochit

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