Trade frictions with U.S. to have little impact on China’s consumer prices: Chinese official

BEIJING (Reuters) – Trade frictions with the United States will have a limited impact on China’s consumer prices, and consumer spending is expected to remain steady in the second half of the year, a spokesman from the National Bureau of Statistics said on Monday.

There will be no change to the steady, improving trend in China’s economy, statistics bureau spokesman Mao Shengyong told reporters following the release of second quarter GDP data showed growth slowed to 6.7 percent year-on-year.

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