Citi expects China's economy grow slower this year

Citigroup expects China’s economy growth to slow to 4.2 percent this year amid the tariffs in overseas markets and deflation pressure at home.

The bank thinks China's 2025 economic outlook hinges on external tariffs and domestic stimulus.

Citi expects US tariffs to be phased in from the second quarter, increasing to 15 percent in stages, dragging down China's exports by 6 percent and lowering economic growth by 1 percentage point.

(Themis Qi)