China can offset the negative impact of the new round of US tariffs
Beijing can pursue looser fiscal policies and support investment in certain sectors, say analysts
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Beijing
THE new round of tariffs imposed by the US will hit China's exporters and manufacturing supply chain, but analysts say Beijing has ample tools to offset the impact on the country's GDP growth.
As of the coming Monday, some US$250 billion in US imports from China will be subject to 10 per cent tariffs; the figure rises to 25 per cent from Jan 1, 2019.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
