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Trade war to keep hitting China's economy, IMF says


Added 10-21-19 08:04:02am EST - “China's economy will grow at a 5.8 percent rate in 2020, down from 6.1 percent this year, the IMF says.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Trade war to keep hitting China's economy, IMF says”. Below is an excerpt from the article.

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Peterson Institute for International Economics senior fellow Mary Lovely discusses the implications of Hong Kong protests and U.S., China trade.

Economic growth in China will slow to 5.8 percent in 2020 – from 6.1 percent in 2019 – as the U.S.-China trade war and growing debt levels weigh, the International Monetary Fund said in its October 2019 World Economic Outlook. China’s economy grew at a 6.6 percent rate in 2018.

“In China, the growth downgrade reflects not only escalating tariffs but also slowing domestic demand following needed measures to rein in debt,” the IMF said.

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