Trade War: Economy and Medium-High Rate

trade war: The drive from exports is expected to weaken further in the next year, and pressure has been mounting on China in this regard, according to Global Times China. There are several major factors that will influence exports in 2020. Nevertheless, the economy is expected to maintain a medium-high rate of growth - likely around 6 percent - in 2020, if China can reach a phase one agreement with the US over the year-long trade war and adopt more powerful counter-cyclical measures to boost the economy. First, the global economy has hit the top of its current round of growth. Third, the negative impacts from the 250 billion in tariffs the US imposed on Chinese goods are expected to be aggravated in the first half of 2020. Second, the reform direction of the World Trade Organization WTO is still unclear, and the multilateral trade rules continue to face major challenges. (news.financializer.com). As reported in the news.