Chinese Industrial Output Growth Falls, Hits 17-year Low

FILE PHOTO: Employees work on a drilling machine production line at a factory in Zhangjiakou

In another sign that the Middle Kingdom is suffering an economic slowdown, industrial output growth dipped to the lowest level since almost the turn of the century and the jobless rate rose.  The national government is expected to announce further monetary policies to combat the weakening economy.

So far, the government has pushed through hundreds of billions of dollars in tax cuts and infrastructure spending as it tries to reignite economic activity.  The slower growth rate puts the US-Chinese trade talks back in the limelight and appear to give President Trump an advantage because the trade tariffs are making the tough situation in China worse.

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