China Tries to Downplay Trade War’s Effects on Its Economy
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The showdown sets up an historic rupture that will not only cause pain for both of these deeply intertwined economies – but add tremendous friction to geopolitical rivalry.
From CNN International
China is guiding the yuan weaker at a carefully orchestrated pace, as the central bank seeks to blunt some of the economic impact of the trade war without destabilizing financial markets.
From Bloomberg L.P.
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Trump hikes tariffs on China
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As China faces economic challenges, President Xi Jinping’s meeting with Chinese tech leaders signals a renewed effort to support private sector innovation — though the extent of the reset remains unclear.
China's economy is sensitive to fears of a global trade war and following recession, causing slumps in the stock market.
Beijing says Donald Trump's tariffs will increase the divide between rich and poor nations, as countries across the region grapple with what to do next.
Four of China’s largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.60 billion) in private placements from investors, including the finance ministry, after Beijing pledged to help them support the economy.
China on Monday accused the U.S. of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to “take concrete actions” to resolve the tariffs.