China’s Economic Growth Cools Further
China’s economic growth slowed to its lowest level in a decade last quarter amid a tariff war with Washington, adding to pressure on Beijing to reverse a deepening slump. The world’s second-largest economy expanded by 6.2% over a year earlier in the three months ending in June, down from the previous quarter’s 6.4%, government data showed Monday. That was the slowest growth since the first quarter of 2009 in the aftermath of the global financial crisis. Chinese leaders have stepped up spending and bank lending to shore up growth and avert politically dangerous job losses. But they face an avalanche …