China’s exports unexpectedly fell in August as shipments to the United States slowed sharply...
Beijing is widely expected to announce more support measures in coming weeks to avert the risk of a sharper economic slowdown as the United States ratchets up trade pressure, including the first cuts in some key lending rates in four years.
On Friday, the central bank cut banks’ reserve requirements for a seventh time since early 2018 to free up more funds for lending, days after a cabinet meeting signalled that more policy loosening may be imminent...
China’s August exports to the United States fell 16% year-on-year, slowing sharply from a decline of 6.5% in July. Imports from America slumped 22.4%.
Many analysts expect export growth to slow further in coming months, as evidenced by worsening export orders in both official and private factory surveys. More U.S. tariff measures will take effect on Oct. 1 and Dec. 15.
(Excerpt) Read more at cnbc.com ...
And our export numbers to them sucked already so we can take a hit that THEY cannot.
Plus being a REAL capitalist country, one finds ways to make money and jobs if the gubmint stays out of the way.
May GOD BLESS President Trump....doing what other were afraid to do!!!
Beijing is widely expected to announce more support measures in coming weeks to avert the risk of a sharper economic slowdown as the United States ratchets up trade pressure, including the first cuts in some key lending rates in four years.
On Friday, the central bank cut banks’ reserve requirements for a seventh time since early 2018 to free up more funds for lending, days after a cabinet meeting signalled that more policy loosening may be imminent...
China’s August exports to the United States fell 16% year-on-year, slowing sharply from a decline of 6.5% in July. Imports from America slumped 22.4%.
Many analysts expect export growth to slow further in coming months, as evidenced by worsening export orders in both official and private factory surveys. More U.S. tariff measures will take effect on Oct. 1 and Dec. 15.
(Excerpt) Read more at cnbc.com ...
And our export numbers to them sucked already so we can take a hit that THEY cannot.
Plus being a REAL capitalist country, one finds ways to make money and jobs if the gubmint stays out of the way.
May GOD BLESS President Trump....doing what other were afraid to do!!!
