Trade War
Welcome to the 149th edition of Trade War.
China roars back into life during Lunar New Year with signs that pent up demand may spark a consumer boom. But will it be a deep and long-lasting rebound or will growth disappoint (and China bulls end up like Charlie Brown, with the football pulled away before they can ever kick it? Listen to the podcast below for more on that reference!)
Even as China sets new record low temperatures, Chinese households suffer from gas shortages as cash-strapped local governments slash energy subsidies. Beijing says the worst of the recent Covid wave is behind China but soaring coffin sales in rural China suggest otherwise.
Biden victory as the Netherlands and Japan agree to restrict sales of advanced semiconductor equipment to China in the ongoing U.S.-China tech war. Former Treasury Secretary Hank Paulson cautions against falling into a competition trap that would hurt American multinationals. New study show China beating U.S. in innovation. And car exports from mainland see ‘hockey stick growth.”
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