China's economic growth slides to lowest level in 27 years

China's economic growth slides to lowest level in 27 years
China's economic growth has slide to its lowest level in nearly three decades as a consequence of the prolonged trade war with US.

China's quarterly economic growth fell to 6.2%, which is the lowest since early 90s. This has put pressure on china which is fighting a tariff war with US.

The world's second-largest economy grew 6.2% over a year ago, down from the previous quarter's 6.4%, government data showed Monday.

According to analysts, a fierce trade dispute with the U.S. is adding to other factors weighing on the country's expansion.

Forecasters expected China's economy to rebound in late 2018 but pushed back that target after President Donald Trump hiked tariffs on Chinese imports to pressure Beijing over its technology development tactics. Now, economists say the slowdown might extend into next year.

President Donald Trump and Chinese leader Xi Jinping agreed late last month to resume talks in hopes of clinching a trade deal.