Trump’s trade war is forcing Beijing to retreat from its own anti-debt battle

Just as China started to come to grips with the scale of its massive debt accumulation, the impact of the trade war with the U.S. is forcing a retreat.

One expert said that could prove “disastrous” for the country’s economy.

Years of big-ticket investment projects helped spur double-digit growth in China’s gross domestic product, sending the country into position as the world’s second-largest economy — trailing only the United States.