Welcome to the 198th edition of Trade War.
Facing a $6 trillion market rout, Chinese officials mull rescue package and announce bank reserve ratio requirement cut. Goldman Sachs calls securities slide a “frustrating” blow to confidence while Gavekal says China now the world’s “best value proposition.”
Stock slump embarrasses Beijing but property market troubles are far more severe. Private sector’s share of China’s top listed companies keeps getting smaller. And workers struggle with underemployment and low wages.
Economic malaise may make China more willing to compromise on trade and investment negotiations with US. And abandoning Ukraine would be “catastrophically bad” for Taiwan.
Corporate America trade lobbying exceeds $1 billion
Middle-income trap draws closer
A ‘plethora of new, youth-oriented oppositional groups’ emerge
And check out the Stand Up! podcast below ~
Stand Up! podcast: The thaw in US-China relations
Check out my conversation with Pete Dominick on his StandUp! podcast covering the ongoing thaw in U.S.-China relations, the debt, demography, and demand challenges facing China's economy, and why everyone should care about the Taiwan election. (Starts at 23:30)
China’s $6 trillion market rout
Chinese authorities are increasingly worried about the market rout that has seen over $6 trillion in value erased from Chinese and Hong Kong stocks, down 40 percent since their peak in 2021.
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