Chinese growth keeps weakening
This week was marked by disappointing macro data in China, with the annual growth in industrial production falling to 4.8% in July, its slowest rate in 17 years, confirming the uncertainty around the trade war is damaging the Chinese economy. Real GDP growth is now expected to slow down to 6.2% in 2019 and 6% in 2020, respectively, according to the IMF World Economic Outlook. As many economists have complained that China tends to overestimate its GDP growth rate, some research institutions such as the Chinese Academy of Social Sciences ((CASS))