donald trump: Photo AFP Analysts cautioned that Trump win might be a precursor for turbulence in China-US economic and trade relations and create some headwinds for the Chinese economy, given his tough stance on trade with China on the campaign trail, according to Global Times China. Others argued that the overall direction for one of the largest and most consequential bilateral trade relationships will remain unchanged, and a Trump presidency might not be as negative as many have suggested, noting that the rhetoric might help ease the pressure on yuan depreciation and capital outflows and help with ongoing efforts to upgrade China industrial sectors. Stock markets around the world plunged in morning trading as incoming results from the US presidential election suggested Donald Trump was leading markets favourite Hillary Clinton in the White House race. As votes were being counted in the US on Wednesday, Chinese stocks went through ups and downs during the day, seeing the largest drop of 1.6 percent at one point. The Shanghai Composite Index dropped 0.62 percent, while the smaller Shenzhen Composite Index was down 0.61 percent. But the market later regained ground and closed only slightly lower than the previous day.
(news.financializer.com). As
reported in the news.
Tagged under donald trump, trade relations topics.