Growth in China's manufacturing sector was weaker than expected in October, falling for the second straight month in further evidence the world's largest economy is slowing. EUGENE HOSHIKO
SCMP: China’s top leaders prepare for worse as economy takes hits from US trade war
* Politburo offers renewed support for the private economy and stock market, seeing more downward pressure on growth ahead
China’s top leadership has outlined a new game plan for the private economy and the stock market as the country braces for further hits to the economy from the trade war with the United States.
The Communist Party’s Politburo, the 25-member supreme policymaking body headed by President Xi Jinping, agreed on Wednesday that there was “growing downward pressure” on the economy with “profound changes” in the external environment, state-run Xinhua news agency reported.
The statement was a shift from three months ago when the Politburo said there was “noticeable” changes in the external environment.
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More News On China's Slowing Economy
Trump's trade war hits Beijing harder than expected as China's factory growth drops to two-year low -- Daily Mail/Reuters
China reports lower-than-expected manufacturing growth -- CNBC
China reveals trade war strain as yuan slides and manufacturing stalls -- The Guardian
China’s caught up in an ever decreasing numbers game -- Asia Times
Chinese economy slowing faster than expected, worst yet to come, analysts say -- SCMP
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