China’s Export-Dependent Provinces Scramble for Shelter from US Trade Storm

China’s Export-Dependent Provinces Scramble for Shelter from US Trade Storm
Shipping containers at the Dachan Bay Terminals in Shenzhen City, Guangdong Province, China, on July 12, 2018. Stringer/Reuters
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BEIJINGChina’s export-dependent cities and provinces are scrambling to provide relief to exporters, stabilize employment, and avert the possibility of social unrest as an intensifying trade dispute with the United States threatens to further erode business.
Guangdong, China’s biggest province by gross domestic product, this week offered to cut corporate taxes, slash electricity prices, and reduce transport and land costs as additional U.S. tariffs since July exposed Chinese manufacturers to the prospect of empty order books.