Trade spat can hurt growth in Asia, warn experts

Participants in a major economic forum have warned against the unintended consequences of the escalating trade tension between China and the United States, including a slowdown of growth in Asia should the Chinese economy flag.

If trade friction with the US leads to a decline in China's growth, this will affect Asian countries, Asian Development Bank chief economist Yasuyuki Sawada pointed out. He added that a one percentage point slowdown in the Chinese economy "will slow down Asian growth by 0.3 per cent".

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A version of this article appeared in the print edition of The Straits Times on April 10, 2018, with the headline 'Trade spat can hurt growth in Asia, warn experts'. Print Edition | Subscribe