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ASIA DATA

China economic activity slows further in Oct as trade war bites

Industrial production rises 4.7% year-on-year, lower than the 5.8% increase in Sept

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The trade war is affecting most of the Chinese economy with banks holding off on lending and consumers more careful on purchases. Factories are stockpiling and holding back on investment.

Beijing

CHINESE economic activity continued to slow in October, as the ongoing trade war with the United States spilled over to the entire economy.

Industrial production rose 4.7 per cent year-on-year in October, data from the National Bureau of Statistics released on Thursday...

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