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By Iris Ouyang
BEIJING (MNI) - The ongoing trade war between the two largest economies may
reduce China's growth by 0.6 percentage point in 2019, Christine Lagarde,
managing director of the International Monetary Fund told reporters in Beijing
China's growth next year may slow to 6.2% from forecast 6.6% this year,
Lagarde said. The trade conflict may also slow U.S. growth by 0.2 percentage
point, Lagarde said.
Lagarde, sitting next to Chinese Premier Li Keqiang, praised China for
having made the right moves to rebalance its economy, including slowing its
credit growth, address financial risks and further opening up its economy.
Growing trade tensions, effects from monetary policy adjustments and turbulences
in the emerging markets are some of the factors clouding global outlook, Lagarde
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