eunice yoon is live in beijing with more on that. >> thank you very much china's economy is growing atts slowest pace since the global financial crisis. q3 gdp missed expectations, but it did put the economy on track to meet its full-year growth target these numbers were anticipated because it's the first time when investors and economists could get a sense as to whether or not the u.s./china trade war is having an impact on the chinese economy. there's some evidence to suggest it's starting. exports for the september quarter were surprisingly strong, but the industrial production has been slowing down it dropped again in september by 5.8% so what's happening is that manufacturers have been front-loading shipments, because they want to make sure they get all of their shipments out before the tariffs come in the factory output has been weaker, which suggests the pop we're seeing in exports is probably only temporary. with all the new tariffs coming into play, a lot of manufacturers have been saying that they expect that the export growth is probably going to continue to weaken into the

eunice yoon joins us from beijing. nice >> thank you very much these numbers were highly anticipated because it was the first time that investors and economists would be able to get a sense as to whether or not the trade war was having an effect on the chinese economy it looks as though there's some evidence to suggest it's already starting to begin so the q3 gdp expanded by 6.5% it missed expectations, but what is interesting is the exports. exports for the quarter look surprisingly strong. but industrial production continued to decline and dropped in september by 5.8% manufacturers have been front-loading shipments because they want to get ahead of the tariffs. the fact that the factory orders were weaker suggests that that pop in the exports is only temporary. despite the economic slowdown that we're seeing, the stock markets rallied at the close that's because top financial officials were coming out in support of the stock market. the chiefs of the central bank, banking regulator as well as the securities commission

let's get to eunice yoon into beijing with the latest. , eunice >> hi, wilfred that announcement could come as early as december. supposedly the tariffs would cover the rest of the chinese goods that are not taxed that's 2$260 billions worth. the timing of it would mean that the tariffs would kick in around chinese new year next year, so about february or so the talk of the tariffs also came as the trump administration said it's going to impose an export ban on a state semic semiconductor company. it's one of three companies in china that are seen as very important to china building its own domestic chip industry the company was also accused by micron technology of the u.s. of stealing some of its secrets the chinese company is a specialty or has a specialty in dram chips the commerce department said the decision was made on national security grounds this would bar the company from sourcing from u.s. suppliers some people i've been talking to here say that will be damaging for the company because it is building a new $6 billion plant also

chinese business owners are also feeling the heat as the trade war with the united states ramps up eunice yoons live at china's biggest trade fair where is that, eunice? >> it's in gathe heart of manufacturing here in china. this is called the canton fair it's where american buyers and other buyers can connect with chinese manufacturers to decide if they'll source here so this fair has been going on for decades. but this year because of the trade war people are nervous so the discussion has mainly been about what to do to try to minimize the impact of president trump's tariffs. i was speaking to one american buyer who said he just worked out a deal to try to sell frying pans, but without a gift box because believe it or not the gift box has a 10% tariff. those are the creative solutions that people are talking about here today secondly what i also learned was that american companies are much more dependent on chinese suppliers than one might think this is what one american buyer said about moving the global supply chain out of here >> the supply chains have been developing for 30 years. so jus

1.6 china up 1.4 china's market holding up despite a fresh sign of economic slowdown let's get to eunice yoonho has all the data and details for us. hey, eunice. >> october is the first full month after the u.s. and china imposed tariffs. the official data showed that factory growth is growing at its weakest pace in two years. the numbers showed this, pmi slipped to 50.2 from 50.8 in september. that's a hair short of a contraction. there's a lot of attention on the new export orders. they show what future business could look like. the sub index dropped to 46.9 from 48. so factories are getting hit by slowing domestic demand and also by the deteriorating afraid teis between the u.s. and china the central bank set the yuan to its lowest level in ten years. that's been sparking a lot of debate here if the policymakers will allow the yuan to weaken past the psychologically important 7 level. stock market did relatively well despite this there was one stock that is not doing so well. that's the stock of wh group this is a top pork producer, it's listed in hong kong the company said its profits are

eunice yoon joins us from beijing with more. that covers the range of things does it not? don't think that will happen what do you think? >> you know, this is what i don't understand because from the chinese perspective the chinese repeatedly say they will not negotiate with a gun to their heads. then whenever it looks like the two sides will get together and have a negotiation, president trump pulls out a bigger gun from the chinese perspective this is all confusing. the foreign ministry said that the communications had been ongoing, and wouldn't go into detail about the g20 meeting that's supposed to happen next month, where the two presidents were supposed to be sitting down and having a discussion. he did say on the tariffs themselves that the u.s. noise won't intimidate china of course there's a lot of concern that all this noise will affect the stock market which is seen a lot of pressure as of late and there's an interesting survey about u.s. companies that are operating here who are also concerned about this noise this survey is making the rounds by the american ch

and china has chinese exporters worried about future tariffs they're now rushing orders eunice yoon hasore on the trade story. how are you? >> i'm doing well. i'm at the canton trade fair, it's the most prominent export fair it just wrapped up for the day the fair runs multiple weeks and it's based in the manufacturing heartland. the point of the fair is to connect buyers from all over the world and the united states with chinese manufacturers of cons e consumer products. this year the fair is all about the trade war. people are nervous about it. the main discussion is what to do to minimize the impact of president trump's tariffs. so they are trying to work out ways to tweak things to avote tariffs. one buyer said he worked it out with his frying pans by not including gift wrapping because that would be subject to the tariff the american buyers are saying they're still dependent on china and it will be harder to move supply chains than you think this is what one american buyer told me earlier today. >> these supply chains have been developing for 30 years. so just pulling out is not an