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這是 Economist Espresso 欄目的第63篇精選文章：
Fighting fit: China’s economy
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Fighting fit: China’s economy
The risk of a trade war between America and China looms ever larger. One determinant of how the countries might fare in a conflict is the state of their economies going into it.
In data published today, China will show it has a good hand. It is expected to report that GDP grew 6.7% in the first quarter compared with the same period a year earlier, marginally slower than its pace in 2017.
The government has used a strong economic backdrop over the past two years to begin the difficult task of defusing financial risks. It has whittled down excess capacity in the industrial sector and worked to stabilise debt as a percentage of GDP.
A deceleration in credit growth is likely to weigh on the economy in the coming quarters. But if President Donald Trump ratchets up the pressure, China should have enough fiscal space to absorb the impact.
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