China is an economic powerhouse, comprising 12% of global trade. It has 400 million middle-class consumers. Bilateral commerce between the United States and China reached $600 billion before the trade war. China, for example, imported $254 million in liquefied natural gas, or LNG, from the United States in January 2018. Now, though, China has stopped importing the […]
Tag: china
China Drops GDP Target for 2020
The world’s second-largest economy is on track for its worst performance in the post-Mao era, as the impact of shutdowns to curb the disease outbreak at home is compounded by a slump in global demand as the pandemic spreads. That has left the leadership with the choice of setting an uncomfortably low growth target, an […]