G-20 Deal Improves China’s 2019 Outlook, Risks Tilt Down
(Bloomberg) -- An agreement between President Donald Trump and his counterpart Xi Jinping to dial down the trade dispute offers a number of reasons to be somewhat more optimistic on China’s growth. But Bloomberg Economics isn’t convinced that the economy is in the clear, and still sees the risks skewed to the downside. Even without an immediate escalation in trade tensions, slowing global growth means the external sector still faces a tough environment -- and on the domestic side, many longer-term policy goals that China is pursuing involve a degree of sacrifice on growth.
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