BEIJING -- China faces growing risks of stagflation as it imposes retaliatory tariffs on U.S. goods and allows the yuan to weaken to its lowest level in nearly two decades, seeking ways to ease the trade war's effect on Chinese exports.
Trump tariffs
China stagflation risks creep up as Trump tariff war escalates
Beijing digs in on trade, but weak yuan and domestic demand fuel concerns
Weak domestic demand combined with higher prices from tariffs and a soft yuan could pose major risks for the Chinese economy. © Reuters
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