https://www.scmp.com/rss/327727/feed Haibin Zhu is chief China economist and head of China equity strategy at J.P. Morgan en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com In the event of a fully fledged US-China trade war, the outcome would go beyond trade. Things are escalating during the most critical period of China’s deleveraging and its efforts to lessen financial risks. A darkener external environment could potentially prompt China to slow these efforts and undermine reform progress. The direct economic impact of a tariff war generally tends to be limited. A 25 per cent tariff on US$50 billion worth of Chinese imports amounts to a tiny share of China’s GDP.... https://www.scmp.com/comment/insight-opinion/united-states/article/2151981/us-china-dispute-goes-beyond-trade-its-about?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/united-states/article/2151981/us-china-dispute-goes-beyond-trade-its-about?utm_source=rss_feed Fri, 22 Jun 2018 08:00:00 +0000