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Beijing is finally accepting lower growth as the trade war hits, says Barclays economist
Chinese authorities are finally coming to terms with a lower rate of growth as the trade war with the U.S. takes its toll, an economist told CNBC on Tuesday. As Beijing continues to tamp down debt at home, "the government is finally accepting lower growth," said Jian Chang, the chief China economist of Barclays. After all, "we did hear them talking about high quality of growth, and also we see that they've maintain a fair amount of determination in continuing with deleveraging goals despite the fact that they are prioritizing stability in near-term," Chang said at the Barclays Asia Forum. Predicting a long ... (full story)