China's Q1 GDP growth likely slowed to 6.7% from 6.8% in the previous two quarters due to trade tension with its largest trading partner, the US. The US has imposed tariffs on Chinese goods worth $34 billion and threatened further measures if Beijing retaliates.
China's Q1 GDP growth likely slowed to 6.7% from 6.8% in the previous two quarters due to trade tension with its largest trading partner, the US. Nevertheless, the figure is above the government's target of 6.5% for the year and will likely make Beijing comfortable continuing to implement measures to curb emissions and reduce risks in the country's financial system.