China may be growing at its slowest annual pace since 1990, but it's still the powerhouse of global growth. That's something Donald Trump's trade hawks will need to consider if they're truly serious about risking a conflict with China to win economic concessions.
Not only would a clash derail bilateral ties, it might also deep-six a nascent global recovery.
Powered by government stimulus that fired up smokestack industries and a burgeoning middle class that's spending on everything from Starbuck's coffee to Apple iPhones, China's gross domestic product grew 6.7 percent in 2016. That means it likely contributed 30 percent of global growth last year, slightly above its 28 percent contribution in 2015, according to Rajiv Biswas, Asia-Pacific chief economist at IHS Global Insight in Singapore.
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