Slowdown of Chinese economy amid trade war is an obvious fact now. And it is a threat to global growth, Bloomberg reports.

Chinese campaign on credit restriction put breaks on the second largest economy in the world. Since China accounts for third of global growth, it is a sign that the best economic rise in many years comes to the end.

IMF will issue renewed forecast very soon. Chinese economy grew with 6,7% pace in the second quarter, and this is the slowest speed since 2016. The basic indicators of investments and industrial output growth also slowed down in June.

Meanwhile, trade war between China and the US just began. And if countries will not resume negotiations, then the situation will only get worse. This conflict will influence all countries in the world, including global supply chains, transport companies, foreign investments and other sectors.