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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Snowshoe who wrote (940)8/17/2018 9:07:16 AM
From: elmatador   of 13801
 
Trade War Update: U.S. Goes For China's Jugular

ELMAT: Industry leaving China

“Since Trump announced his plan to impose tariffs on many Chinese goods, many Hong Kong and mainland manufacturers are seriously considering setting up a backup production line in Malaysia or Vietnam to prepare for the worst,” he told the daily.
...
“They thought Trump was just bluffing, and they still think like that,” a former U.S. policy advisor was quoted saying in the SCMP, one of Hong Kong’s most well-respected news publishers. “They say things will change after the midterms. They are totally wrong. I feel partly this is because they have become more insulated, and partly because nobody dares to tell Beijing that they are wrong.”

Sorry, Xi. The market has spoken on this one. China is the loser. For how long is anybody’s guess. For now, it’s not looking good.

forbes.com
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