The top news this week is the ongoing US-China Trade War, and the status is as clear as mud. ZTE has been pulled back from the grave with a change in leadership – a wonderful sleight of hand. Trump’s administration is moving ahead with tariffs on another $200 billion of Chinese imports, and Beijing has […]
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Today is the day the first round of US tariff changes with regard to China go into effect. China initially said they would act first, and then quite rightly decided to let the other side make the first trade war move. Beijing will now respond, and it goes where it is going to go from […]
The RMB is falling and China stocks are falling, in spite of a predictable upward move on Friday – one can imagine the instructions that went out on Thursday night. If anything has emerged from the confusion that has been the US-China trade face-off so far, it is that China has more to lose from […]
China’s financial markets are highly manipulated, it almost goes without saying. The RMB rate is set daily in Beijing, and is only indirectly related to market sentiment. The stock market, ditto. The sudden fall over the past week was perhaps sparked by fears of the impact from US-China trade issues, but that was not the […]
In a news-heavy week, the Singapore meeting between Trump and Kim was the clear winner in terms of both number of headlines and lack of substance. Although that’s not quite true. The Trump announcement to end joint military exercises with South Korea without getting anything in return again raised the question of Trump’s motives, but […]