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News Pick-up: China is trying to fix its economy. Trump could derail those plans By João da Silva (BBC News) URL: https://lnkd.in/gbTeNme8 Excerpt: "China is expected to unveil new measures to boost its flagging economy, as it braces for a second Donald Trump presidency. Trump won the election on a platform that promised steep import taxes, including tariffs as high as 60% on Chinese-made goods. His victory is now likely to hinder Xi Jinping’s plans to transform the country into a technology powerhouse – and further strain relations between the world’s two biggest economies. A property slump, rising government debt and unemployment, and low consumption have slowed down Chinese growth since the pandemic." #YCAPS #news #US #China #elections #2024elections #Trump #USelections #USChina #ChineseEconomy #economicsecurity #business

China is trying to fix its economy - Trump could derail those plans

China is trying to fix its economy - Trump could derail those plans

bbc.com

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