Despite renewed hopes that a fresh trade deal could be reached between the U.S. and China by the two sides’ self-imposed March 2 deadline, it may still not be enough to offset the negative impact on China’s economic growth already being felt. Sources told Reuters last week that Beijing is planning to lower its economic growth target to 6 percent, The analysis comes as China saw its exports fall unexpectedly in December by 4.4 percent, the most in two years, with imports also falling 7.6 percent in their biggest decline since July 2016. Since exports fell in December, in spite of government efforts to boost growth (including higher infrastructure spending and tax cuts), exports could also falter for several months going forward as domestic growth slows. Ratings agency Moody’s also said in a note that “producers price inflation had decelerated for six consecutive months,” adding to other signs of […]