In trade war with US, China’s GDP may fall 1%

A high ranking Chinese official has said that the ongoing trade war with the US could slash China’s GDP by one per cent, in a first such admission by Beijing that the tariff war with Washington is biting the world’s second largest economy. The Chinese economy which is on a downward trend slowed down to 6.8% last year.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2HzJmD9

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