PBOC adviser says trade war impact on China's economy is not very big
PBOC adviser Liu Shijin on the wires
- But should watch for impact on stock and currency markets
- Trade war has relatively big impact on expectations
- That is reflected in recent stock and currency movement
Although the trade rhetoric isn't exactly biting into China's economic growth yet, but tiny nibbles eventually will mount to something bigger. And with how much it's weighing on equities as well as the yuan, it doesn't bode well for investor confidence and that is something that will weigh on the economy in the big picture.