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Escobar: China Designs An Economic Road Map All The Way To 2029www.zerohedge.com/geopolitical/escobar-china-designs-economic-road-map-all-way-2029
548 sats \ 6 comments \ @IamSINGLE 25 Jul econ
According to a JPMorgan estimate, every 1% tariff hike during the 2018-2019 period of the US-launched trade war was linked to a 0.7% rise of the US dollar versus the yuan.
Need a fact check!!
Trump plans to impose a 60% tariff on virtually all Chinese products.
Trump is very vocal about it.
That would lead to an exchange rate of roughly 9 yuan to the dollar, 25% weaker than now.
Does China have any answers as precaution against Trump's anti-China trade ideology?
Of course Beijing planners are already factoring Trump in the overall equation. The Western mantra that China’s economy is struggling to stabilize may be debatable. Yet China’s economy may be in fact in a more precarious position now than when Trump unleashed his trade war in mid-2018. The yuan may seem to be under more pressure because of the gap between US and Chinese borrowing costs.
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63 sats \ 1 reply \ @TomK 25 Jul
the famous socialist five-year design for the apparent control of a complex economy. this has worked wonderfully in the past, especially in the real estate sector. Never trust decentralized solutions, transfer the entire authority to act to a centralized bureaucratic apparatus. In the long term, the winners will be those who rely on a free market economy. Even if it may not look like it right now
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47 sats \ 0 replies \ @Satosora 25 Jul
Their one child policy worked so well that 90% of the population is guys. The never think through their policies, just like when they thought building anything anywhere would help the economy. Now it has come back to bite them.
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0 sats \ 0 replies \ @Satosora 25 Jul
Their economy is really struggling, especially since the birth rate is so low. In the next generation, there wont be enough people for labor.
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0 sats \ 0 replies \ @BitcoinAbhi 25 Jul
Trump plans to impose a 60% tariff on virtually all Chinese products.
He has no trust. It could be 70 instead of 60.
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0 sats \ 0 replies \ @5e5d0604a5 25 Jul outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
0 sats \ 0 replies \ @NaOD 25 Jul outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.