Can China survive the threat of a trade war with the US?

'Nobody wins in a war'

President Donald Trump is bringing the power of Twitter and the US government to bear on the trade disputes between the US and China.

While exports are not the sole driver of the Chinese economy, 19.6% of GDP is generated from the export markets - and the US is about 19% of that. The old adage "Nobody wins in a war" applies to both the military and trade. From the statistics above, we estimate that US trade represents about 4% of Chinese GDP.  FTSE 100 hits fresh high as US and China put trade war 'on hold' What is more, the US is using export bans to more heavily target specific industries that rely on US products (such as Nvidia computer chips) to leverage the impact of the ban beyond the 4% of GDP that it repr...