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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