Global markets are tumbling after shockingly weak data out of China shows wounds of Trump’s trade war


    After the industrial production of China plummeted, the equity market of the world has been held by fears. This in turn has sparked the selloff that has spread across the globe.

    There has been a showing up of the cracks that existed in the European market which has now started to weigh upon the equities of those regions.

    The industrial production level growth of November of China attained the lowest level since 2009 by declining from 5.9 percent to 5.4 percent.

    According to the data this was because of the weak performance in the important sectors of exports such as automobiles, computers and even electronics.

    Credit: Business Insider

    The investment director at the AJ Bell, Russ Mould stated that the retail sector has shown the weakest pace of growth in the past 15 years which was of 8.1 percent.

    There were signs of the weakest growth in the entire world by the trade data of China for the month of November. There was a decline of about 10.1 percent in the exports of the country reaching to a value of 5.4 percent from 15.5 percent.

    Credit: Lynda

    The shipments of the ASEAN countries along with the European Union showed weakness.

    According to Societe Generale, there was a drop of 3.4 percent in the exports of the United States reaching to a level of 13.2 percent from 9.8 percent.

    Mould stated that in 2018, there have been some troublesome figures that have been coming out of China and so as to drag down the markets of Asia and Europe, the other batch has serving its best.

    He further added that it has been hard for China to sustain economic growth of high levels and that there have been great concerns towards the impact of the trade war between the United States and China.

    Source: BusinessInsider, Pulse

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