Already bruised from the trade war with the United States and a series of sluggish data, Nomura analysts have warned that for China’s economy, “the worst is yet to come” in the second half of this year. Headwinds continue to mount, including lingering uncertainties over trade tensions with the US, and the possibility of further US tariffs. Beijing’s scope for policy easing in response is limited, economists from the Japanese bank said at a press conference in Hong Kong on Tuesday. The economists, led by Lu Ting, said that the better-than-expected 6.4 per cent growth in China’s economy in the first quarter, was a blip ... (full story)