With US trade war, China’s long-running economic reforms have been thrown a spanner in the works

//With US trade war, China’s long-running economic reforms have been thrown a spanner in the works

With US trade war, China’s long-running economic reforms have been thrown a spanner in the works

The trade war that US President Donald Trump launched a year ago has bruised China’s economy. Yet, since 2010 China’s gross domestic product growth has been trapped in a downward trend . Trade war aside, the real danger for China lies in the daunting structural weaknesses in its economy, accumulated through decades of rapid development and growth.The trade war, beyond denting China’s exports, complicates matters by abruptly distorting Beijing’s ongoing endeavour to disentangle its structural…

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By | 2019-07-28T21:00:11+00:00 July 28th, 2019|Headlines|Comments Off on With US trade war, China’s long-running economic reforms have been thrown a spanner in the works