China is braced for an economic shock should the US follow through with plans for tariffs on almost all remaining Chinese imports. Photo: AFP

China’s economic outlook will worsen if US puts tariffs on remaining exports, Fitch Ratings says

  • US President Donald Trump’s trade war escalation could have severe impact on Chinese economy
  • China’s growth predicted to be 6.1 per cent this year absent any further sanctions, but it may need to take more aggressive policy action if tariff increases comes in
Topic |   US-China trade war

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China is braced for an economic shock should the US follow through with plans for tariffs on almost all remaining Chinese imports. Photo: AFP
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Governor Yi Gang confirmed the People's Bank of China is considering scrapping its official benchmark lending rates. Photo: Xinhua

China mulls scrapping benchmark lending rates in line with market conditions in latest reform move

  • People’s Bank of China weigh further interest rate liberalisation in the midst of the trade war with the United States
  • PBOC governor Yi Gang also expresses confidence that the central bank can keep the yuan’s exchange rate relatively stable ‘at a reasonable and balanced level’
Topic |   China economy

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Governor Yi Gang confirmed the People's Bank of China is considering scrapping its official benchmark lending rates. Photo: Xinhua
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