
Trump's trade war could dent China's domestic consumption, dragging down the rest of Asia
2018-11-11 10:16:51 source:CNBC
November 10, 2018
Much attention in recent months has focused on the U.S.-China trade war's impact to global supply chains, and how that could hurt many Asian economies.
That's one way the region may be dragged down by the conflict, but there could be more at risk.
Another important factor, experts said, is a potential slowdown in China's domestic demand for goods from other Asian countries. In fact, Chinese consumption has become increasingly important for its regional neighbors, according to Louis Kuijs, head of Asia Economics at Oxford Economics.
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