China Growth, Tariff War, and Future Prospects
China’s growth averaged 10% for 30 years. The global financial crises reduced its growth potential to 6.5, but It has achieved a soft landing by pushing subsidized exports and injecting massive credit into economy. The tariff war will act as trigger to further reduce Its growth prospects to 4.5% - 5.5%.
The tariff war also provides opportunities for India, which can be utilized more fully by accelerating reforms.
Presentation was made at, First session of the India Forum on China, Dec 7-9, 2018, in Goa.