With renewed US-CN 'trade war' stories, CN markets and
investments are heavily rattled, this week's stockmarkets close, Shenzhen is -21.8% year to date (ytd),
Shanghai is -17.1% ytd. As the rhetorics linger, CN markets get
deeper into the hole. Which shows how protectionist, how stealth CN is in doing
intl business that people cringe at the fear of being discovered.
CN remains the worst performing stockmarket in the world this year for several weeks now, Turkey 2nd, KR 3rd, PH 4th, Hungary 5th.
See these related stories:
Tim Cook Rescues
US Stocks As Trump Crushes China, Turkey
by Tyler Durden Thu,
08/02/2018 - 16:01
Trump zeroes in on
China after trade truce with Europe
Demetri Sevastopulo and Shawn Donnan in Washington
US president moves to resolve other disputes but ups ante
in battle with Beijing
Hit hard by trade
rhetoric, China ‘likely to do deal with US’
By ASIA TIMES STAFF AUGUST 2, 2018 5:31 PM (UTC+8)
Hong Kong analyst
tips a compromise between Beijing and Washington to prevent full-on trade war
between the two countries, with Chinese markets shaky
“The Chinese
[stock] market has really suffered from all the back and forth, and certainly
the uncertainty. As we all know, markets don’t like uncertainty. They have a
really hard time pricing it in and they normally overprice uncertainty to the
downside, which I think you’ve seen in Shanghai.”
China caught off
guard as US trade war highlights Beijing’s dilemma
By GORDON WATTS JULY 31, 2018 3:36 PM (UTC+8)
Grappling with this
new reality has forced China to reevaluate its Washington relationship and its
economic policy
'“China’s Communist
Party hasn’t been tamed by commerce. The Party-State still has firm control
over the commanding heights of China’s economy – both directly, and indirectly,
through its influence on large “private” companies (who can only remain both
successful and private with the support of the Party),” Setser concluded on the
website of the nonprofit think tank based in New York.'
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