Reported 25 days ago
Goldman Sachs analysts suggest that increased U.S. tariffs on Chinese goods could negatively impact China's growth but simultaneously compel the nation to turn its focus towards domestic consumer demand. The anticipated tariffs may prompt the Chinese government to enhance fiscal support measures in order to stimulate internal consumption. Economic experts note that while China has recognized the dwindling demand as a significant hurdle, they have yet to implement direct cash assistance measures for families despite calls from various economists.
Source: YAHOO