As China’s economy weakens under tariff pressure, the government may be in danger of breaking one of the Communist Party’s most important pledges to guarantee growth.
Most analysts believe that the damage to China’s economic growth rate from current U.S. tariffs will be limited to only a fraction of 1 percentage point of gross domestic product.
In late August, Bloomberg News estimated that the trade war would lower China’s GDP by 0.2 of a percentage point this year and 0.3 of a percentage point in 2019, citing a median of forecasts from 16 analysts.
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