US can't reverse China's stable growth

It has been more than a year since the China-US trade frictions originated in the spring of 2018. The United States raised tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent effective May 10.

As some market institutions forecast, just considering the static effects on the export gap, the US move is expected to drag down Chinese GDP growth rate by 0.2 to 0.65 percentage point.

A prediction from the International Monetary Fund's World Economic Outlook showed that, if the two countries impose 25-percent tariff rates on all imports, the Chinese economy will slow by 0.5 to 1.5 percentage points.