• China's Tax Cuts Overshadow Trade Wars

    4 monthes ago - By ETF Daily News

    From WisdomTree : The market's obsession with trade wars may finally be exhausted and priced in.
    Move on to the next market mover: massive Chinese tax cuts, which should aid the WisdomTree ICBCCS S&P China 500 Fund and the WisdomTree China ex-State-Owned Enterprises Fund , our passive ETFs for the country.
    Sure, China exported $457 billion worth of goods and services to the U.S. in the year through June, 1 and some fraction of those exports is at risk from a deterioration in Sino-U.S. relations. But engage a drastic scenario: Lop off $200 billion or $300 billion from that figure. Even if...
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  • Cracks may be starting to show in Xi Jinping's absolute rule over China due to Trump's trade war

    Cracks may be starting to show in Xi Jinping's absolute rule over China due to Trump's trade war

    4 monthes ago - By Chron

    Reuters/Damir Sagolj
    The intensifying trade war between China and the US is causing a massive rift within the Communist Party of China .
    Though Xi has been clamping down on dissent, veteran party members have expressed discontent about China's image and Xi's handling of the trade dispute.
    Several sources close to the government told Reuters that China's strong nationalist branding has only provoked the US and hurt China's economy.
    Other sources told Japanese daily Sankei Shimbun that several party elders, including Hu Jintao, wrote a letter urging a review of CPC's economic and diplomatic...
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