After US president Donald Trump issued executive orders to place 25% tariffs on Mexican and Canadian imports (now delayed) and 10% on Chinese goods (starting February 4); China has now retaliated with tariffs on US coal, gas, crude oil and more.
Will the Middle East provide an opportunity for China to push forward the internationalisation goal for its currency? Experts say it’s happening, but all too slowly.
Analysts see limited initial market impact, but there is concern over the precedent, which other countries might follow in the future, negatively impacting equity risk premiums.
It is now possible for the bank’s private banking clients to trade fixed coupon notes from their mobiles, with more capabilities to follow later in the year.
Both the central bank and securities watchdog are offering investors, from VC to institutional, wider-ranging freedoms to invest both abroad and domestically
Whether it’s from Donald Trump or Bernie Sanders, the anti-trade movement in the US presidential election would boost China’s prospects, not America’s.