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China's economy suggests that the country is starting to feel a pinch from U.S. tariffs
And this is just the beginning. China has been fucking us to the tune of 500 billion a year and Trump is going to stop it.
Quote:
In a statement carried by China's state media after a meeting of the Politburo, a top decision-making body of the ruling Communist Party, Beijing said it will take targeted measures to solve issues in the economy.
The Chinese economy is facing "some new problems and new challenges," said the statement carried by state-run Xinhua news agency.
"There are obvious changes in the external environment," the statement added. It did not specifically mention China's ongoing trade war with the U.S.
"We must do a good job in stabilizing employment, finance, foreign trade and investment, and expectations," the statement added.
Analysts said the Politburo's communication suggests that Beijing will be fine-tuning its economic policies. Some form of easing is expected.
"China's top policy makers are clearly concerned about two issues: the sharp slowdown of credit growth and the uncertainty due to the trade war. As such, they called for more proactive fiscal policy and infrastructure spending," Macquarie economists Larry Hu and Irene Wu wrote in a note.
https://www.cnbc.com/2018/08/01/chin...ders-fall.html
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“Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent.
― Calvin Coolidge
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