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

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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
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Chinese Vice-Premier Liu He (left) and the US negotiating team failed to reach agreement as the Trump administration enacted new tariffs while talks in Washington were underway. Photo: EPA-EFE

What killed US-China trade talks: A tale of two texts

  • A difference of opinion over detail behind sudden shift from optimism to renewed hostilities
  • Washington prefers to reveal what Beijing would conceal
Topic |   US-China trade war

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Chinese Vice-Premier Liu He (left) and the US negotiating team failed to reach agreement as the Trump administration enacted new tariffs while talks in Washington were underway. Photo: EPA-EFE
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