China’s economy had a tough 2018. Next year will be worse

China’s economy is entering uncharted territory, and that could spell trouble for the rest of the world.After decades of sharp expansion, the Chinese economy is slowing down. Growth in 2018 is set to be the weakest since 1990. And 2019 looks even worse.The world’s second largest economy is feeling the effects …

China cuts some banks’ reserve requirements to spur growth

China’s central bank said on Sunday it would cut the amount of cash that most banks must hold as reserves to lower financing costs and spur growth, amid concerns over a potential economic drag from an escalating trade dispute with the United States. The reserve requirement cut, the fourth by …

China Plans Broad Import Tax Cut as Soon as October

China is planning to cut the average tariff rates on imports from the majority of its trading partners as soon as next month, two people familiar with the matter said, in a move that will lower costs for consumers as a trade war with the U.S. deepens. Premier Li Keqiang …