Trade war and Hong Kong distrubances can slowdown China growth

Trade war looks like will prolong for sometime. As recently USA imposed 10% duty on exports from China to USA which account 300 Billion USD and USA importers needs to pay the duty. So generally USA will import relatively less goods as tariffs increased.

HongKong disturbances and HongKong fight for liberty is not getting slow down.

Both these factors will impact China growth for next 1 to 2 years.

Some famous business analyst analysed even trade war between USA and China will reduce global GDP by 0.5%.

Saturday, August 10, 2019 - 11:14 UTC
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