China's slowdown deepens; industrial output growth falls to 17.5-year low
> Several analysts said in recent weeks that China’s economic growth was already testing the lower end of Beijing’s full-year target of around 6-6.5%, which is likely to spur more policy easing. Second-quarter growth cooled to 6.2%, the weakest in nearly 30 years.<p>6% growth would be the envy of many countries. For comparison, the last time the US did that was 1984, after back-to-back recessions and a flood of deficit-financed defense spending:<p><a href="https://www.thebalance.com/us-gdp-by-year-3305543" rel="nofollow">https://www.thebalance.com/us-gdp-by-year-3305543</a>