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On a quarterly basis, GDP in the first quarter grew 1.4 percent, as expected, but dipped from 1.5 percent in October-December. However, many analysts do not expect a sharp rebound in China’s economy like its recoveries in the past, which produced a strong reflationary pulse worldwide cufflinks brands in india. Most say its stimulus has been relatively more restrained this time around, given concerns about high levels of debt left over from past credit sprees. Earlier support measures will take time to fully kick in, and corporate balance sheets are expected to remain under stress if profits are slow to recover from their worst slump in more than seven years..
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BEIJING (Reuters) – Frustrated U.S. businesses can no longer be counted on as a “positive anchor” in U.S.-China relations, a top U.S. business lobby said on Wednesday, arguing any deal to end trade tensions must address structural problems in China’s economic system. Long considered the ballast in a relationship fraught with geopolitical frictions, the U.S. business community in China in recent years has advocated a harder line on Beijing’s trade policies. “Crucially, the mood has shifted,” the American Chamber of Commerce in China said in a statement accompanying its annual report on China’s business climate cufflinks brands in india.
“The U.S. business community in China, so long an advocate of good bilateral relations, can no longer be relied upon to be a positive anchor. U.S. companies continue to face an uncertain operating environment in China amid decreasing optimism about their investment outlook,” it said cufflinks brands in india. The world’s two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains. U.S. President Donald Trump has slapped tariffs on $250 billion of goods imported from China to press demands for an end to policies – including industrial subsidies, forced technology transfers, and market access barriers – that Washington says hurt U.S. companies..
China has responded with its own tit-for-tat tariffs on U.S. goods. The chamber said tariffs had negatively impacted many of its members who “are not necessarily supportive” of their use, but earlier attempts at dialogue had failed to balance economic relations. “We understand that any true resolution of the current dispute requires addressing the structural issues cufflinks brands in india. that have long hindered importation of U.S. goods and services and operations of U.S. businesses in China,” the chamber’s chairman, Timothy Stratford, said in the report..