China announced this week that its quarterly economic growth had dipped to the lowest level since 1992.
that the tariffs are being paid for by China rather than by U.S. businesses and consumers in the form of higher prices on imported goods.newspaper delivered a scathing assessment of Trump and his economic literacy."Trump continued picking his one-string banjo and offered an arbitrary conclusion on how the tariffs have been paid for by China, not U.S. taxpayers," the article read.
noted that the GDP growth figure sits within the 6 to 6.5 percent growth rate target specified by the government.suggested the"U.S. media laughs at China's economic growth while ignoring how their country's growth lags behind. Such delusional behavior inspired by blind over-confidence cannot be easy to handle daily."
. As such, China's rulers are highly sensitive to any hint of a slowdown or suggestion of economic mismanagement.declared bullishly."It would be best if Washington stopped using fuzzy math like 'thousands of companies' as a bluff," the article added, quoting Trump's gleeful tweet.to avoid U.S. tariffs. Nonetheless,pointed to data showing continued strong foreign investment in China, topping $70.7 billion in the first half of this year.
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