Chinese Regime Confirms US Trade Deal as Economic Indicators Bode Hard Times Ahead

Workers handle bricks to build a wall in Beijing on March 27, 2019. NICOLAS ASFOURI/AFP/Getty Images

The Chinese government’s latest released economic figures bore more bad news, as Chinese Premier Li Keqiang made a speech acknowledging “significant difficulties” ahead for the economy.

Meanwhile, Beijing finally confirmed for the first time details of the U.S.–China trade deal announced by U.S. President Donald Trump last week.

Trade Deal

“What the U.S. side said is the real situation, and is consistent with what we know,” Geng Shuang, spokesman for China’s foreign ministry, said on Oct. 15 regarding the phase one trade deal.