Goldman Sees China Saving Fiscal Firepower in Wait for Trump
- China risks economic hit if Trump makes good on tariff threat
- Depressed consumer demand has prompted calls for more stimulus
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Donald Trump may already be influencing the economic agenda in China, according to Goldman Sachs Group Inc.
Officials in Beijing are likely holding fiscal largesse in reserve until they really need it to withstand blowback from a potential Trump presidency on the world’s second-largest economy, Andrew Tilton, Goldman’s chief economist for Asia Pacific, said in a Bloomberg interview Tuesday.