China Facts: Trade war with China



Trade fuels less of China's growth than it used to. Exports to America were the equivalent of nearly 10% of Chinese GDP before the global financial crisis of 2008. Today they are just 4%. Moody's credit rating agency, estimated that Mr. Trump's initial set of tariffs, valued at $50bn, would shave only 0.14 percentage points from China's growth rate - a rounding error for an economy that is expected to grow by about 6.5% this year. Lately it has become more clear that America's goal is not to shrink its trade deficit but to impede China's progress.


*) The Economist 26th May 2018




Share on Facebook
Share on Twitter
Please reload

  • Facebook Basic Black
  • Twitter Basic Black
  • Black Google+ Icon
Please reload

Search By Tags:
Hans Henrik Pontoppidan
Secretary General, DCBF 
Who's Behind The Blog


Danish-Chinese Business Forum

Address: Tingskiftevej 5,

DK-2900 Hellerup

Phone: +45 33 32 97 78


CVR: 29 05 16 31

The views expressed of the authors do not necessarily represent or reflect the views of DCBF.