USA vs CHINA
The round of trade talks between the U.S and China (Oct.10), once the object of hope for a truce by the investors, now has become bare-knuckled fighting between the two parts. Now that the U.S put eight Chinese companies in a blacklist that prohibits from doing business with American companies without the U.S government approval. The Chineses government, on the other hand, pronounced that it's going to retaliate this decision, and tagged it as a mistake.
We must remember that China already is hitting the NBA in a backlash for the tweet made by Houston Rockets General Manager Daryl Morey in which he showed support for the anti-government protests in Hong Kong. The giant Chinese company terminated the deal of hundreds of millions and won't exhibit the games, in response to this event. Showing to us that China it's ready to fight for its interests, and following the statement of sovereign made by Xi Jinping
during the National day holiday.
The U.S has escalated the aggressions by signaling a possible step back on the proposition of blocking Chinese companies to the U.S markets, once used as a bluff and rumor, even called Fake news by the government, now is under discussion according to sources familiar to the matter.
Both sides are definitely getting injured by this dispute, but the side that has agonist more it's definitely the U.S, due to the differential of the political system, where the Chinese president doesn't have to fight for popularity and even against an impeachment inquiry, beyond that China seems smarter in making a hedge by increasing its golds reserves in a blistering pace, what gives it more breath capability since the chaos e instability would make the price of gold rise.
At the economic data, the U.S economy took another blow as US producer prices posted the biggest decline in eight months in September, one more bad data that are going to the last week collection, where disappointing job data hit the economy and made even clear the signals of slowing for the economy
Amid this fistfight that only gets bloodier, the Fed can start the standing eight count and judge how many points would need to cut to ease up the tensions, avoid too many wounds and check if the economy can continue into this path.
Thank you for reading and leave your comments if you like.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
The round of trade talks between the U.S and China (Oct.10), once the object of hope for a truce by the investors, now has become bare-knuckled fighting between the two parts. Now that the U.S put eight Chinese companies in a blacklist that prohibits from doing business with American companies without the U.S government approval. The Chineses government, on the other hand, pronounced that it's going to retaliate this decision, and tagged it as a mistake.
We must remember that China already is hitting the NBA in a backlash for the tweet made by Houston Rockets General Manager Daryl Morey in which he showed support for the anti-government protests in Hong Kong. The giant Chinese company terminated the deal of hundreds of millions and won't exhibit the games, in response to this event. Showing to us that China it's ready to fight for its interests, and following the statement of sovereign made by Xi Jinping
during the National day holiday.
The U.S has escalated the aggressions by signaling a possible step back on the proposition of blocking Chinese companies to the U.S markets, once used as a bluff and rumor, even called Fake news by the government, now is under discussion according to sources familiar to the matter.
Both sides are definitely getting injured by this dispute, but the side that has agonist more it's definitely the U.S, due to the differential of the political system, where the Chinese president doesn't have to fight for popularity and even against an impeachment inquiry, beyond that China seems smarter in making a hedge by increasing its golds reserves in a blistering pace, what gives it more breath capability since the chaos e instability would make the price of gold rise.
At the economic data, the U.S economy took another blow as US producer prices posted the biggest decline in eight months in September, one more bad data that are going to the last week collection, where disappointing job data hit the economy and made even clear the signals of slowing for the economy
Amid this fistfight that only gets bloodier, the Fed can start the standing eight count and judge how many points would need to cut to ease up the tensions, avoid too many wounds and check if the economy can continue into this path.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive content!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
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