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Trade War Escalation Won't Solve Anything, China Regulator Says
The U.S. escalation of trade tensions won’t solve any of its problems but will create volatility in global markets and hurt the world economy, China’s top financial regulator said Saturday. Higher U.S. tariffs will have a “very limited” impact on China’s economy while hurting the U.S. about as much, said Xiao Yuanqi, spokesman for the China Banking and Regulatory Commission, reading a speech written by CBIRC Chairman Guo Shuqing. Many of China’s exports can be redirected to the domestic market as the nation shifts to a more consumption-driven economy, Xiao said at a forum in Beijing. China will also find ... (full story)
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- May 25, 2019 7:18am May 25, 2019 7:18am
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to trade and code, keep both simple... no call to impress....h
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S
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Pride always comes before destruction.... -Proverbs 16:18
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