An aerial view of the port and logistics hub in Lianyungang, Jiangsu province, China. Photo: EPA-EFE

China economy: ‘worst is yet to come’ with trade war tariffs likely to escalate, Nomura economists say

  • Chinese gross domestic product to increase by 6.1 per cent in the second quarter and only 6.0 per cent over the second half of the year
  • High debt levels restrict Beijing’s room to manoeuvre on monetary easing, with better-than-expected first quarter growth proving ‘illusory’
Topic |   US-China trade war

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An aerial view of the port and logistics hub in Lianyungang, Jiangsu province, China. Photo: EPA-EFE
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