Trade ‘tensions’ put Chinese export growth at risk
Export tax rebates are being rolled out by Beijing to soften the blow of US tariffs, but Nomura predicts Chinese export growth could tumble to ‘low single digits and even negative territory’ in the coming months as the US demands a level playing field on trade
China’s export growth slowed in August despite the front-loading of US cargoes ahead of anticipated new tariffs as the US targets fair trade
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