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Producers in China are already under stress even ahead of implementation of U.S. tariffs, as indicated by an explosion in corporate borrowing that isn’t being captured by official government statistics, according to the China Beige Book. “Manufacturing is under fire. The sector’s multi-year rally has given way to declining revenue and sharply declining profit growth,” […]

https://www.cnbc.com/2019/03/04/goldman-sachs-predicts-what-a-us-china-trade-deal-would-look-like.html