Why US tariffs are unlikely to slow Chinese growth

China has 'number of weapons in its armoury'

Following the publication of Value Partners' whitepaper entitled ‘Investing in China: Dancing with the Dragon, 2019’, produced alongside Oxford Metrica, Joseph Knight, CFA and principal at Oxford Metrica, argues the trade war with the USA is unlikely to have any significant impact on the Chinese economy.

Earlier this year, stockmarkets on both sides of the Pacific were raising glasses in prospect of a resolution of the long-running US-China trade dispute. It looked more than likely that the world's two largest economies would sign up to a deal after almost a year of back-and-forth negotiations. How distant that prospect now seems. The hammer blow that killed it was US President Donald Trump's recent announcement of a further imposition of a 10% tariff, effective from the 1 September, on $300bn worth of Chinese imports. The winners and losers from the escalating US-China trade war Trum...