PBOC Adviser: Trade war with US to slow GDP by 0.2 percent

Omkar Godbole FXStreet Contributor

The People's Bank of China (PBOC) adviser is out on the wires assuring markets that a trade war with the US will not have a big negative impact on the Chinese economy.

Key comments (source: Xinhua)

US tariffs on $50 billion worth of Chinese goods to slow China's economy by 0.2 percent.

Cina will consider measures to offset the impact of the trade war on the hardest hit sectors.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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