In China, economic growth could tumble, debt surge and foreign companies flee in a deepening trade war, economists warned as they pondered worst-case scenarios in a week of escalating tensions. Bank of America, Morgan Stanley and UBS Group said China's expansion may slow below 6% under such a scenario for the first time in almost three decades. The 5.8% pace predicted by Greater China chief economist Helen Qiao at Bank of America would create "a more dire growth environment than the number suggests". Analysts are assessing the damage to China's role as the world's supply hub as tariffs drive manufacturers overseas. They're also warning of spiralling of debt that's already closing on 300% of output as the government cushions the blow with additional spending. Fresh curbs on Huawei Technologies' access to the US market and US suppliers underscore the threat of economic containment that China is having to contend with. Podcast | Business Day Spotlight - Huawei vows it will not crack un...
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