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China Concerned Trade and Debt Risks Could Hit Economic Growth
China’s leaders are signaling concern that growth in the world’s second-largest economy could slow due to trade and financial risks -- and that they’re prepared to tweak policy to avoid a sharp deceleration, economists said. Hard work is needed to meet this year’s economic targets amid an increasingly complicated geopolitical situation, according to a statement released by state media Monday following a Politburo meeting led by President Xi Jinping. Though growth remained robust in the first quarter, forecasters still see the economy slowing this year as trade tensions with the U.S. and the campaign to clean ... (full story)
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