China Debt Problem Worsen With Trade War

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    Helmholtz Watson

    China’s debt in relation to its economy is expected to…



    [b]Fitch: Comments on China and Trade Situation
    China’s domestic slowdown is what is driving global trade slump
    US, Eurozone export growth to China falling more rapidly than total exports
    Evidence from Asia suggests outlook for Chinese domestic demand will be a key driver of global trade this year

    The statement from Fitch says they find China’s domestic demand slowdown as the main reason impacting trade flows in Asia rather than the direct impact of tariffs between US and China.

    Fitch adds that Germany in particular has been hit hard by declining auto sales in China as a result of the slump in demand.

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