Only agreement to engage in FAIR trade will save them at this point. 
By any standard measure, it has not been a good few weeks for China. In November alone, retail sales slumped to a 15-year low; the country’s exports rose 5.4% from a year earlier, the weakest performance registered since a 3% contraction in March, and well short of the originally forecasted rise of 10%; car sales fell to levels not seen since the 1990s; the vast majority of companies directly impacted by US tariffs (around 86%) have reported a decline in orders, “according to a survey of 200 chief financial officers in manufacturing firms with significant export business”; and the default risk (a gauge of financial stress) for Chinese companies has climbed to the highest level in 13 years, according to the Moody’s rating agency.
http://www.atimes.com/all-of-our-bets-on-china-have-been-wrong/
By any standard measure, it has not been a good few weeks for China. In November alone, retail sales slumped to a 15-year low; the country’s exports rose 5.4% from a year earlier, the weakest performance registered since a 3% contraction in March, and well short of the originally forecasted rise of 10%; car sales fell to levels not seen since the 1990s; the vast majority of companies directly impacted by US tariffs (around 86%) have reported a decline in orders, “according to a survey of 200 chief financial officers in manufacturing firms with significant export business”; and the default risk (a gauge of financial stress) for Chinese companies has climbed to the highest level in 13 years, according to the Moody’s rating agency.
http://www.atimes.com/all-of-our-bets-on-china-have-been-wrong/
