https://sg.finance.yahoo.com/news/china-central-bank-cut-requirements-banks-trade-tensions-034114168--sector.html
The China RRR cut deserves some attention because it is imposed after Trump's threat on Sunday.
The Chinese are preparing for a trade war with the US because China is trying to stimulate its local consumption with the RRR cut since it is a consuming nation now.
What's worrying to the global world is that the Chinese are consuming more local made products and reducing their imports in this trade war. This will cause a global recession and many export-oriented countries like SK, Japan, SG, etc will suffer tremendously.
Subscribe to:
Post Comments (Atom)
1 comment:
https://sg.finance.yahoo.com/news/china-considers-canceling-trade-talks-u-trump-vows-040044325.html
Enough is enough!
China should just cancel the US trip and walk away.
Let's see who will suffer more when China and the US don't trade with each other.
Post a Comment