Trump’s Hard-Line Policy On China Could Hurt All Of Asia

As China's economic and financial influence on the rest of Asia has grown in recent years, some of U.S. President Trump's hard-line economic policies on trade and currencies could have a far-reaching impact on the rest of Asia, even if they are designed to affect only China-U.S. relations, says a report published by AXA Investment Managers.

The asset manager estimate that a one percentage point decline in China's GDP could lower Asia's growth by up to 0.4 percentage points. A decelerating Chinese economy would also impact developed economies such as the U.S. and U.K. as well.

China is the world's second largest economy and trading nation, commanding 15% and 11% of global GDP and trade, respectively, up from less than 3% some twenty years ago. In Asia, China’s dominance is even more striking, reflected in its 32% and 45% shares in the region’s trade and GDP.


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