An escalation of the US-China trade war has unnerved investors and increased fears that an economic downturn is on the horizon. Photo: Roy Issa

Will the escalating US-China trade war and its catastrophic aftermath push the global economy into its next recession?

  • The risk of a recession will rise if the trade dispute is prolonged and escalates further, economists and portfolio managers said
  • The world’s two largest economies had appeared closer to a trade deal earlier this month
Topic |   US-China trade war

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An escalation of the US-China trade war has unnerved investors and increased fears that an economic downturn is on the horizon. Photo: Roy Issa
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One of China’s most senior officials has given a candid assessment of the impact the trade war might have on the economy. Photo: Xinhua

Trade war could slice 1 per cent off China’s economic growth, top party official says

  • Politburo Standing Committee member Wang Yang reveals ‘worst case scenario’ at forum for Taiwanese businesspeople in Beijing but says dispute will not do any long-term damage
  • Firms should not relocate away from Chinese mainland as it still offers huge development opportunities, he says
Topic |   US-China trade war

TOP PICKS

One of China’s most senior officials has given a candid assessment of the impact the trade war might have on the economy. Photo: Xinhua
READ FULL ARTICLE