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China – How Much Trouble for FX?
China is once again a hot spot for geopolitical uncertainty and social unrest. This week China unveiled a plan to take a stronger stance on antigovernment protests and dissents in Hong Kong. They proposed new security laws that would punish opposition to the mainland. While the details have not been revealed, this would be a major blow to civil liberties and the city’s autonomy. The fear is that this would elicit a strong response from the US who could see this as a reason to reexamine Hong Kong’s special trade status with the US. In recent weeks, tensions have flared between the US and China with the US calling ... (full story)