Economics
Goldman Says China-U.S. Deal Would Be 2019's Top Economic Event
Containers sit stacked next to gantry cranes as trucks operate at the Port of Ningbo-Zhoushan in Ningbo, China, on Wednesday, Oct. 31, 2018.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
In a sweepy note rattling through Asia’s eventful year and the resumption of China’s "bumpy deceleration," Goldman Sachs Group Inc. identified the prospect of a genuine accord resolving the U.S-China trade impasse as potentially the biggest economic development next year.
As the U.S. and Chinese sides negotiate, Andrew Tilton, Goldman’s chief economist for Asia Pacific in Hong Kong, said markets need more than just positive comments about reform, which are nothing new.