B1 Intermediate UK 395 Folder Collection
After playing the video, you can click or select the word to look it up in the dictionary.
Report Subtitle Errors
00:00:02,085 --> 00:00:05,010 China's economic growth slowed to its lowest level
in nearly 30 years in the second quarter of this year.
Donald Trump claims that this shows his trade war
policies are hurting Beijing, but in reality the situation
is far more complicated.
China's gross domestic product slowed down to 6.2 per cent
in the second quarter, down from 6.6
per cent in all of last year.
It's not primarily the result of the trade war.
Of course, the tit-for-tat tariffs have hit trade.
China's exports to the US fell 7.8 per cent in June.
And US exports to China slumped 31 per cent.
But such numbers, although stark,
have little impact on the broader Chinese economy.
In truth, net exports contribute less than 1
per cent of China's total GDP.
China's slowdown has been created overwhelmingly
by domestic drivers that have little to do with US policy.
The main drags on Chinese dynamism
come from weakening investment in infrastructure,
slowing industrial output, and a decline in the construction
of new houses.
All of these weaknesses derive from domestic sources
rather than from the trade war.
And, in any case, China remains by far the world's most vibrant
Even growing at its lowest level in 30 years it is still
on track this year to add more than US$1.4tn in value.
That, for context, is bigger than
the entire Australian economy.
    You must  Log in  to get the function.
Tip: Click on the article or the word in the subtitle to get translation quickly!


Why China's own economy trumps the US trade war

395 Folder Collection
洪子雯 published on July 18, 2019
More Recommended Videos
  1. 1. Search word

    Select word on the caption to look it up in the dictionary!

  2. 2. Repeat single sentence

    Repeat the same sentence to enhance listening ability

  3. 3. Shortcut


  4. 4. Close caption

    Close the English caption

  5. 5. Embed

    Embed the video to your blog

  6. 6. Unfold

    Hide right panel

  1. Listening Quiz

    Listening Quiz!

  1. Click to open your notebook

  1. UrbanDictionary 俚語字典整合查詢。一般字典查詢不到你滿意的解譯,不妨使用「俚語字典」,或許會讓你有滿意的答案喔