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Economists warn that China's rising trade disputes with the United States may lead to a drop in China's efforts to reduce its debt dependence and search for a road to sustainable economic growth.
The Chinese government is seeking to control the momentum of excessive debt growth in many sectors of the economy, which could have strengthened control of uncontrolled loans this year, especially in the so-called shadow banking sector.
But over the past few weeks, there are signs that China's deleveraging process may be reversed as the president of the United States increases the pressure on China's trade policy, including a number of threats to punitive tariffs on China's US goods.
The most obvious sign is that the Central Bank of China announced on Tuesday that it lowered the reserve requirement ratio of some financial institutions.
Next Thursday, the national development and Reform Commission issued a notice to reduce the price of electricity. It decided to carry out the average reduction of 10% of the average industrial and commercial electricity price in batches. It was consistent with the efforts to reduce the cost of enterprises for many years. However, the range and time of the reduction were surprised by the financial market again.
China has also vowed to reduce the tax burden on individuals and businesses this year, and has reduced value-added tax rates such as manufacturing, transportation, construction, basic telecommunications services and agricultural products since May 1st.
At least some investors and economists have predicted that if the dispute with the United States turned into a nearly free trade war, the Chinese government would take more steps to support the industry and the economy as a whole.

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