China signs new measures against slowing economy

BEIJING (Reuters) - China's government said on Wednesday it would propose new measures to reverse the slowdown in the country's economy. Among the objectives is mainly to give confidence to the market. This new approach of the Chinese government comes amid the disclosure of negative figures regarding the service industry and industry performance. According to the National Bureau of Statistics (NBS), on Tuesday night (30), the service sector of the Asian country was index of 53.9, while in September was 54.9. Lowest number in 14 months. Already the industry performance was 50.2 in October, while September had been 50.8. The figures released represent the lowest level in 27 months. The unstable situation in China's economy comes amid a trade war between the United States and China.


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