The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.
partly due to the Asian country's relatively heavier reliance on exports.
That means China's economy has been reducing its reliance on trade as a source of growth. In fact, the study found that China's net trade — the value of total exports minus that of imports — "actually made a negative contribution" to growth last year. As a result, China exported just 9% of its output in 2017 — down from 17% in 2007, according to the McKinsey study. That shows China has become more self-reliant and less exposed to the rest of the world, the research found.
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