Via SCMP:
The debate over whether China needs a new round of stimulus to offset weakening economic growth has returned, following disappointing April economic data and the threat by the United States to expand tariffs to cover all Chinese imports.
That debate will intensify with the news that Wang Yang, a member of the ruling Communist Party’s policymaking Politburo Standing Committee, told Taiwanese businessmen at a meeting in Beijing on Thursday that
the trade war, in the worst case scenario, could cut Chinese growth by a full percentage point this year.
