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Stocks (briefly) surge on report that US may ease tariffs on ChinaWall Street surges at the eleventh hour on the back of a report that the United States is considering easing billions of dollars worth of tariffs on Chinese imports. Stupid move, if true.
Source: abcnews - 🏆 5. / 83 Read more »
China's economy slows down further, sinking global marketsChina reported its exports dropped 4.4 per cent in December, its biggest monthly fall in two years — while its imports plunged 7.6 per cent, its steepest decline since July 2016 chaudave AlanKohler PhillipLasker ScottMorrisonMP Well, something has to bring down China's oil import growth otherwise there would be a global oil demand crisis which would go beyond your experience. Latest Jodi data go up to Sep 2018. Check it here: chaudave Prof. Xiang Songzuo says: 'They [China's National Bureau of Statistics] used 2 measurements. Going by the first estimate, China’s GDP growth this year was about 1.67 percent. And according to the other calculation, the growth rate was negative.'
Source: abcnews - 🏆 5. / 83 Read more »