business war: The series of actions over the weekend means that China's 'long march' has begun, Iris Pang, an economist with ING said in a research note Monday, according to CNN. It means that the trade war has not only become a technology war but also a broad-based business war. China on Sunday said it will not back down in a trade fight with the United States, two days after signaling it could blacklist foreign companies from its huge market. There will be more retaliation actions from China, especially for the technology sector, she added. The Shanghai Composite declined 0.3%, while Hong Kong's Hang Seng shed 0.1%. Read More In Europe, benchmark indexes in London and Paris were down 1% in early trading. Tokyo's Nikkei recovered slightly from a rough opening to close down 0.9% on Monday.
(news.financializer.com). As
reported in the news.
Tagged under business war, trade war topics.