trade battle

SEOUL, South Korea | South Korea’s central bank cuts outlook on trade battle

SEOUL, South Korea — South Korea’s central bank cut its forecast on the country’s economy Thursday, citing mounting uncertainties from the U.S.-China trade battle. The Bank of Korea said it lowered its growth outlook on Asia’s fourth-largest economy to 2.9 percent this year, compared with its earlier forecast of 3 percent growth. The bank said … Continue reading SEOUL, South Korea | South Korea’s central bank cuts outlook on trade battle

BEIJING | China auto sales growth weakens in June amid trade battle

BEIJING  — China’s auto sales decelerated in June, adding to economic pressure on Beijing amid a worsening trade battle with Washington, an industry group reported Wednesday. Sales of SUVs, sedans and minivans rose 2.3 percent in the most populous auto market, down from May’s 7.9 percent growth, according to the China Association of Automobile Manufacturers. … Continue reading BEIJING | China auto sales growth weakens in June amid trade battle