China’s National Bureau of Statistics has noted a recent sharp decline in retail sales, bad news for an economy whose growth has been largely driven by consumer spending. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

The US trade war is chilling China’s consumer confidence and Beijing must step in to spur growth

  • David Brown says slowing growth means China has two choices: resolve tensions with the US or prime the pump. With no reason to believe Donald Trump will come to the rescue, government stimulus is the only answer

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China’s National Bureau of Statistics has noted a recent sharp decline in retail sales, bad news for an economy whose growth has been largely driven by consumer spending. Photo: Reuters
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