When it comes to the tech sector, what’s happening in China is going to have a bigger impact on you than what’s going on in America
By MICHAEL SCHREIBER, Associated Press – APRIL 08: A person walks past a screen showing a Chinese version of a stock chart at a brokerage house in Beijing, China, April 8, 2018.
China is seeing its economy grow by a staggering 10.3 percent annually in the first quarter of 2019, according to official figures, but its manufacturing sector is shrinking.
China has been struggling with high unemployment and falling property prices, and the country’s top two brokerage houses have cut the price of their mutual funds by a third since the start of 2018.
Chinese stocks, which have long dominated the stock market, have fallen sharply in recent months.
The Nikkei 225 is down 2.5 percent this year, while the Shanghai Composite is down 4.4 percent.
In the U.S., the Dow Jones Industrial Average is down 0.3% in the third quarter, while Standard & Poor’s 500 Index is down 3.2%.
The Nasdaq Composite is up 1.5% and the S&P 500 is up 0.7%.
But that’s not what is happening in the rest of the world.
The Dow is up nearly 30 percent, the S &Ps is up 11 percent and the Nasdaq is up 18 percent.
China’s economic slowdown has been the main focus of the U,S.
and Chinese governments for years.
President Donald Trump has called the global economy “the most important problem” facing the world and called on China to “do more” to improve it.
China, which has an economy of about 7.3 trillion yuan ($1.2 trillion) and exports some $40 trillion in goods a year, has been trying to boost its manufacturing to support its export sector.
But it’s been slow.
Last month, China’s central bank said it would restrict its foreign exchange reserves, but that hasn’t helped.
China was also slow to rein in the currency markets, with the yuan losing 20 percent against the dollar last year.
China also has been a key U.N. ally, providing its own security forces and providing billions of dollars in financial aid to help its neighbors.
Beijing has also been trying harder to promote exports, with companies such as Huawei, which makes Android phones, moving to open new factories in China.