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.
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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.
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