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Friday, October 12, 2018

China's export is still powering ahead despite the US tariffs.

https://www.reuters.com/article/us-china-economy-trade/china-september-exports-surge-creating-record-surplus-with-u-s-despite-tariffs-idUSKCN1MM080

China's export is still surging despite the US tariffs.  This shows that the impact from the US tariffs is still not felt by the Chinese as the consequence is being mitigated by the RMB depreciation.

With the upcoming stimulus packages from the central government, the Chinese will be able to withstand the US tariffs.

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