The International Monetary Fund (IMF) on Wednesday cut its 2019 economic growth ...
BEIJING - The International Monetary Fund on Wednesday cut its 2019 economic growth forecast for China to 6.2% on heightened uncertainty around trade frictions, saying that more monetary policy easing would be warranted if the Sino-U.S. trade war escalates.
A sudden escalation in the Sino-U.S. trade tensions last month underlined the risks for the world’s second-biggest economy from higher U.S. tariffs on billions of dollars of Chinese goods. U.S. President Donald Trump has threatened to slap tariffs of up to 25% on an additional list of Chinese imports worth about $300 billion.
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