The idea that China’s economic growth is slowing, leaving Beijing little option but to cave in on the trade war with the U.S. is widespread -- but it might well be wrong, according to a U.S. think tank.
“The reality is that, as has been the case for the last few years, the case for China’s imminent economic difficulties is overblown,” Nicholas Lardy, a China expert at the Peterson Institute for International Economics in Washington wrote in a recent note.
