What's on everyone's mind in China-US trade war
chinadaily.com.cn |
Updated: 2018-07-10 06:40
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A trade war is in no one's interest. According to the latest World Input-Output Database, a serious disruption to global trade could see up to 20 percent declines in the world economy. US dependency on total foreign demand has been rising since 2004, from 6.2 percent of its GDP to 8.9 percent in 2014. While China's economy is increasingly dependent on its domestic demand, external demand still drives some 18 percent of its total GDP.
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