China's economy is not growing as strongly as hoped. The trade dispute with the US is taking its toll on exports. But Beijing is intervening to keep the engine running.
A man has been sentenced to 20 years in prison for selling "top secret" information to Chinese agents. US officials said the betrayal is part of a worrying trend in the intelligence community.
Chinese exports to the US have been subject to the Trump tariffs since last July. According to the US President, this is wrecking the Chinese economy but does the Asian power ultimately have more stomach for this fight?
US stock markets were down more than 2% after China announced retaliatory tariffs on US goods. Earlier, stocks also fell in Europe and Asia as the US-China trade war escalated.
Beijing has remained optimistic about resolving the trade war, while Washington has doubled down on tariffs. China's chief negotiator warned, however, that there were some lines the country wouldn't cross.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version