PBOC Adviser: Trade war with US to slow GDP by 0.2 percent

The People's Bank of China (PBOC) adviser is out on the wires assuring markets that a trade war with the US will not have a big negative impact on the Chinese economy. 

Key comments (source: Xinhua)

US tariffs on $50 billion worth of Chinese goods to slow China's economy by 0.2 percent. 

Cina will consider measures to offset the impact of the trade war on the hardest hit sectors.