Trade war set to hurt China's economy, raise financial risks

An intensifying trade war between the world's two largest economies is set to take a toll on China's economy, which already faces serious financial risks.In an attempt to curtail corporate debt expansion and prevent a bursting of asset bubbles, Chinese President Xi Jinping's leadership has recently put more emphasis on structural reforms and monetary tightening than on economic growth.But if a trade dispute with the United States escalates, China's export-oriented economy may shrink at a faster pace than the country's government has expected, which would prompt its authorities to implement …READ FULL ARTICLE