China’s Economic Growth Slows To A 30-Year Low. But Is It The U.S. Trade War?
The trade war seems like the simplest explanation for China’s diminishing economic growth. The White House has slapped tariffs up to 25% on a $550 billion basket of U.S.-bound exports and Chinese exports to the U.S. dropped 22% in September. But while U.S. China hawks would no doubt like to take credit for dinging Beijing’s economy, Julian Evans-Pritchard, Senior China Economist at Capital Economics, notes that exports globally have decreased and argues that the trade war sanctions likely aren’t the cause of China’s slowdown.
