Moody's with some comments on the Chinese economy in lieu of the recent trade actions by the US

  • Says that rated Chinese companies rely heavily on domestic markets
  • So any impact from US trade actions would be manageable
  • Planned Chinese tariffs on imports from the US will unlikely disrupt the supply chains of Chinese companies
  • Negative impact could be greater if both US and China significantly expand tariffs or introduce more broad-ranging protectionist measures

Some commentary by Moody's on what the US tariffs would mean for domestic markets. We'll still have to wait for more details on the US side of things before actually being able to assess the true impact - but for now, the bigger worry in the market is about further escalation in the tariffs/trade war.