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China sees slow June factory growth as trade tensions with US escalate

credit growth, investment and retail sales pointing to slowing growth in China's economy

US China trade war, US tariff, American tariff, Chinese companies, US sanction,Chinese products, United States, American port, Chinese goods,trade, Settle logistics, US President Donald Trump, President Trump, Malaysia, Vietnam, Indonesia,  Transship
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Containers at Yangshan Deep Water Port in Shanghai. To avoid tariffs on exports from China, brokers arrange transshipments, which make a stop in another country on the way to their destinations to disguise the origin of the goods. Photo: Reuters

Reuters
Growth in China's manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns about a slowdown in the world's second-biggest economy.
China's economy has already felt the pinch from a multi-year crackdown on riskier lending that has driven up corporate borrowing costs, promoting the central bank to pump out more cash by cutting reserve requirements for lenders.
 
The official Purchasing Managers' Index (PMI) released on Saturday fell to 51.5 in June, below analysts' forecast of 51.6 and down from 51.9 in May, but it remained well above

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First Published: Jun 30 2018 | 8:23 AM IST

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