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.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.