Editorial : Difficulties facing the Chinese economy

【明報專訊】AS a trade war between China and the US edges nearer, the world is becoming alert to the economic conditions of the mainland, which are showing signs of difficulties. First, economic figures show a downward trend for the month of May. Second, the A-Share market was once in bearish territory, with the SSE Composite Index once hitting the lowest point in two years. Third, the Renminbi's plunge continues, and it has fallen to the lowest level since last December against the US Dollar.