It was the only lender in Mao Zedong's era, taking orders from the top to control the flow of money through the command economy. Now, even after decades of ...
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China economists expect interest rate, RRR cuts in coming weeks: China Daily - Reuters
China returns softer yuan to arsenal as trade war intensifies - Nikkei Asian Review
Downtown Josh Brown on Twitter: "Morgan Stanley’s bear case for the trade war if the US and China don’t end the tariffs:
S&P 500 falls 16% to 2,400 over the next 6-12 months
Earnings growth bottoms out in 2021 at -14%
A full-blown economic recession hits in 2020
Vicki Gunvalson on Twitter: "US-China trade war may 'get worse before it gets better' as Beijing cranks up its nationalism https://t.co/lXZYCgzMpp"
Carl Quintanilla on Twitter: "JPMORGAN: “With the trade war escalating, it now looks unlikely that business sentiment will improve much in the coming months. ... our model points to a disappointing year of just 0-2% growth in global capex (excluding China), the weakest outturn since 2016.”… https://t.co/F28whd3R5b"
David Gura on Twitter: "President Trump "says, it's #China's turn to cower. Yet to visit China these days is to encounter the limits of his punch-them-in-the-nose strategy."
Read @sdonnan's valuable dispatch from the #trade war's front line: https://t.co/Gw4cyqBmEV."
China economists expect interest rate, RRR moves in coming weeks - Business News | The Star Online