중국, 미중통상전쟁에 TV•휴대폰•반도체 모두 '역성장'<br /><br />So it's been over a year since China and the U.S. have been going at each other over trade... and latest data show that the trade war has been hurting both countries' economies.<br />Our Kim Hye-sung explains.<br />China's three major electronics goods have seen production fall amid the prolonged U.S.-China trade war.<br />According to the Korea Electronics Association, China's color TVs, semiconductors and smartphone production fell on-year for the month of June.<br />Color TV production fell near two percent on-year, and 11 percent on-month, to 14 million units in June.<br />It's the first time in about two years that production posted on-year negative growth.<br />The report said China's domestic demand has entered a mature stage and the on-going U.S.-China trade spat hurt the global trade environment, driving down China's exports.<br />Smartphone production also fell point-six percent on-year to around 150 million units.<br />Semiconductor production also dropped to less than 15 billion units on sluggish global demand for chips.<br />Auto production and robots production also nosedived by double digits.<br />The on-going trade war is also weighing on the U.S. economy.<br />The U.S. Congressional Budget Office said Wednesday local time the budget deficit is set to hit over one trillion U.S. dollars by fiscal year 2020,...two years earlier than previously estimated.<br />The CBO said federal debt is rising faster than expected due to increased federal spending and growing per-capita healthcare spending.<br />It also singled out tariffs as hurting the U.S. economy as they raise prices, curb investment and increase costs for businesses.<br />The CBO said as a result of tariffs imposed by the U.S. and others since last year, U.S. GDP would be point-three percent lower by 2020 than it would have been otherwise, and real average household income will be reduced by 580 U.S. dollars.<br />Since last year, the U.S. and China have already exchanged tariffs on over 360 billion U.S. dollars of goods.<br />Trump's new tariffs on another 300 billion dollars of Chinese imports, including a range of consumer goods, will kick in later this year.<br />Kim Hyesung, Arirang News.<br />
