I saw this response to the data out of China today, which began GDP data just got interesting again
It came in bang on line at 6.7% so my first thought was "No, it didn't". But reading on, some good points indeed:
- Trump's tariffs on Chinese imports are escalating
- An initial round on $34 billion of imports may not have much of an impact, but if they are extended to a further $200 billion, as threatened, it could amount to 0.4 percentage points of China's growth, HSBC analysts estimate.
- Government officials are keen not to reveal any weakness. State media, for example, were ordered to downplay any link between the mainland's sagging equity markets and trade, according to a government document from last month published by China Digital Times.
- (I posted on this earlier: Weekend HK press - Chinese media have been told to not mention the trade war)
The quickie article is here, well worth a read
