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3 comment(s). Last comment by laychee 2019-08-06 10:36
Posted by chinaman > 2019-08-06 10:23 | Report Abuse
China with 4 times population over USA naturally should be the world 's largest self-sustained consumer. Over time, China should rely less on US consumers market. So, no need to keep so much toilet paper. export trade model should diminish over time....Let consumer model takes over
Posted by laychee > 2019-08-06 10:36 | Report Abuse
If this is all US can do, market will recover.
But one thing for sure, US and China relationship is not good at this moment. Things may change anytime. Who knows!
Will they commit full blown Cold War? DT is a self-acclaimed smart negotiator. Probably not.
Last escalation HK Hang Seng dropped to 23k. See if this support level can break or not.
No result.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by chinaman > 2019-08-06 10:13 | Report Abuse
Why China hold trillion of toilet paper USD? Just throw them, defend CNY to push global confidence on RMB as new world reserves. Now, Trump quickly seize the chance saying China as currency manipulator. RMB must show strong leadership as new reserves. Don't chicken out with devaluation each time trade risk on temporary hiccups., affecting all regional currencies as well. Look at Russia. it has cut off all USD, use only EURO in trade....