Capital investment by Chinese firms has ground to its slowest pace in three year...
BENGALURU/SHANGHAI - Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves, a Reuters analysis showed.
The outlook became even more uncertain on Tuesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the U.S. presidential election in November 2020. “Overall credit conditions are still quite tight and credit growth is actually slowing ... because, in particular, the non-bank forms of credit access have become much more restrictive in the shadow banking sector.”
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