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Evelyn Cheng, CNBC.com’s Posts
Heightened trade tensions with the U.S. are beginning to hit China’s growth.
The International Monetary Fund (IMF) lowered its 2019 growth forecast for the world’s second-largest economy to 6.2% from 6.3% on Wednesday, after the conclusion of the organization’s visit to China over roughly the last two weeks.
Beijing has stepped up its warnings against the U.S. by cautioning about working, studying and traveling in America.
The latest U.S. actions on trade are preventing negotiations with Beijing from proceeding, China’s Commerce Ministry said Thursday.
China’s rush to pass a new foreign investment law on Friday is likely not enough to appease the demands of the U.S. in ongoing trade negotiations, analysts said.