China Press: Chinese economy faces substantial economic slowdown pressures

China Daily carried a report earlier today, citing that the Chinese economy is facing substantial economic slowdown pressures.

However, Chinese state news agency Xinhua stated that China will be able to achieve GDP target, despite the trade challenges with the US and still attain their growth targets.

Meanwhile, Bloomberg reported that he US White House administration is considering raising planned tariffs on $200 billion worth of Chinese goods from 10% to 25% at the border, re-ignited US-China trade war fears.