China’s factory activity contracted for a third straight month in July, leaving the economy on a weak trajectory that’s frustrating Beijing’s efforts to sustain faster growth.
China’s economy has performed unevenly this year, with manufacturing at times a bright spot while consumption has been weighed down by a prolonged real estate crisis.
China’s trade surplus hit a record high last month as exports surged and imports unexpectedly declined. The growing imbalance has spooked China’s trade partners.
The US and European Union — two of China’s biggest export markets — accuse Beijing of building excess capacity in its industries through state subsidies. They’re erecting new trade barriers that will hold back sales of key products like electric vehicles, and threatening even more.
@ISIDEWITH4міс4MO
How would you feel if your own country's efforts to grow were hindered by factors like those affecting China's factory growth?
@ISIDEWITH4міс4MO
Imagine if your future job prospects depended on an industry that is currently shrinking; how would you react to news similar to China's factory activity contraction?
@ISIDEWITH4міс4MO
What are your thoughts on the fairness of international trade disputes and barriers, considering situations like the ones China is facing with the US and EU?
@ISIDEWITH4міс4MO
How would you feel about your country having a record high trade surplus due to surging exports but declining imports, similar to China's current situation?
@ISIDEWITH4міс4MO
What is your stance on government subsidies to support industries within a country, considering the accusations against China by its trade partners?
