S&P Global Ratings cut growth projections for China over Trump's tariffs threat

S&P Global Ratings has downgraded China's GDP growth forecast for 2025 and 2026, citing potential negative impacts from US President-elect Donald Trump's proposed tariffs on Chinese exports. Other financial institutions like UBS and Barclays also lowered their growth projections, anticipating weaker exports and investment due to the trade tensions. China has implemented stimulus measures to counter these economic headwinds.