Trump has already signaled the beginning of a second US-China trade war by announcing his intent to impose a 10-ppt tariff hike on all imports from China.
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The central bank may choose to pursue QE in the near future, as China’s interest rate is not much above zero.
Fewer exports to the US and a cheaper valuation may provide a bigger buffer for the RMB than it had in 2018, but the scale of Trump’s tariffs is key.
Executive actions will lead as Trump’s main policy tool for a trade war 2.0 with China, and the Republican Congress will swiftly follow up with legislation.
China’s internet landscape has been undergoing a rapid transformation to one with freer competition and more open collaboration.
Beijing’s legislature has approved a RMB 10trn local government debt swap package that will last until 2028.
Chen Long and Bo Zhengyuan discuss the outcome of the US election and the implications for the US-China relationship.
A quick take on Donald Trump’s victory in the US presidential election.
Technological decoupling from China will be one of the Biden administration’s most consequential legacies.