REUTERSA threat by Donald Trump, who has been elected as the next US president, to impose 60% tariffs on U.S. imports of Chinese goods poses major growth risks for the world's second-largest economy. This is what is different:PROPERTY MARKET CRISISIn 2018, the property market was strong, driving about a quarter of China's economic activity. The chart shows the projected size of China's unsold inventory by the end of 2024 with comparison to London and Manhattan. The chart shows the projected size of China's unsold inventory by the end of 2024 with comparison to London and Manhattan. Deflation, which hurts consumption, businesses and growth, could get much worse if tariffs shrink external demand, exacerbating industrial overcapacity.
