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"The widespread assumption that China will overtake the US as the world's largest economy is likely to be proved wrong," says Capital Economics.
GDP growth could be as low as half the official number and that markets are likely overestimating China’s importance for the global economy.
Goldman Sachs says the trade dispute is hitting China especially hard.
Opening sales were brisk, hitting US$10 billion in just under 30 minutes, half the time from the previous year.
New export orders led the fall — a sign that Trump's trade war has further damaged China's export economy.
Chinese officials reportedly cast doubt on any long-term trade deal with Trump — and his impulsive nature is part of the problem
"Chinese officials have warned they won't budge on the thorniest issues," Bloomberg reported. And they're also worried "he may back out" of a deal.
There are 100 million Chinese among the richest 10%, compared to 99 million Americans, Credit Suisse has revealed.
Monetary policy may likely loosen to help drive China's economy, but "it will take time for this to put a floor beneath economic growth."
China’s surprise slump in exports shows Trump’s trade war damage — and Goldman Sachs says tariffs are coming despite a partial deal
Trump boasted of a partial trade deal with China, but Goldman says "it is more likely than not" that December tariffs kick in, perhaps with a delay.
While China has pledged "unwavering" support for private businesses, the government has strengthened its role in the sector in recent years.