There’s and interesting concept: China is not trying to generate an “excess” trade surplus, as though it has a divine right to the surplus of its choosing. It is finding out the hard way that it’s a two-way street. He also says he is trying to give the market a positive signal. Thanks for that, your premiership…
Awful US economic dat has sapped the markets of animal spirits. Stocks and commodities are falling, dragging EUR/JPY down to 117.50 in the process.
