Why China may be saving its bazooka for Donald Trump
The Communist Party may be hoarding fiscal firepower to offset a possible trade war
OF ALL THE people anxiously watching America’s presidential election, spare a thought for Chinese investors. Their economy is already contending with a property slump that began more than three years ago and persistent deflation that began over 18 months ago. Now they must contemplate a possible return of Donald Trump to the White House, bringing the threat of steep tariffs in his wake.
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This article appeared in the China section of the print edition under the headline “Why China may be saving its bazooka”
From the November 2nd 2024 edition
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