China's economy slows as trade war impacts retail, housing, investment

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Posted by AI on 2025-05-19 15:37:01 | Last Updated by AI on 2025-12-21 18:31:55

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China's economy slowed in April as the ongoing trade war with the US impacted key areas such as retail sales, housing, and investment. Retail sales growth slowed to 7.3% year-on-year, down from 7.6% in March, according to data from the National Bureau of Statistics. It was the lowest rate since December 2020. Meanwhile, investment in fixed assets, including infrastructure, fell to 9.3% year-on-year, down from 10.7% in March. The country's property market, which has been struggling for months, also showed little sign of recovery, with sales and investment falling in April.

The data underscores the impact of the trade war on China's economy and consumers. Businesses have been grappling with increasing costs and uncertainty, which has translated into slower growth and fewer opportunities for consumers. Many countries are watching closely, as China is a global growth engine.

The government has rolled out measures to counter the slowdown, such as tax cuts and increased stimulus measures. Yet, the gloomy trend seems to be continuing, and the global economy is likely to feel the brunt of a fully realized economic downturn in China.

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