Worst-Case Scenario of Trade War: 1.5 Points Off GDP Growth
A full-blown trade war with the United States will bring “substantial impacts” to the Chinese economy, dragging down growth of 15 manufacturing-related sectors, a senior policy adviser warned Tuesday.
The effects of worsening trade frictions on China’s economy are generally under control, but China should be prepared for the worst-case scenario, said Wang Yiming, a vice minister of the Development Research Center (DRC) of the State Council, a top government think tank, at a conference held by China Everbright Ltd.
- 1China’s Moon Explorer Posts Photo of Sprouting Cotton Plant
- 2Huawei Canada Exec Quits as Scandal Continues to Embroil Company
- 3Luckin Coffee Reportedly Seeks IPO in Hong Kong
- 4Bank of China to Test Waters for Perpetual Bonds
- 5Apple Chief Counsel Accuses Qualcomm of Holding Phone-Makers for ‘Ransom’
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas