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China's Economy Surpasses Expectations Amidst Impending Tariffs

#china #economy #tariffs #growth #service_sector

China GDP: Economic growth beats expectations as Trump tariffs loom - BBC

China's Economic Growth Exceeds Expectations Despite Impending Trump Tariffs

The latest figures from China's National Bureau of Statistics show that the country's economy grew by an impressive 5.2% in the second quarter of 2018. This beats previous expectations and is a positive sign in the face of looming tariffs from the United States. China's GDP has been steadily increasing, with the service sector playing a major role in driving growth. The country has also seen a rise in domestic consumption, as well as increased investment in technology and infrastructure. This has all contributed to China's ability to weather the storm of potential trade disputes and maintain its position as the world's second largest economy.

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