Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP
Opinion
Opinion
Macroscope
Cause for jubilation is very much exaggerated as global markets are sleepwalking in unison toward a cliff’s edge. Here’s why
- The global economy has slowed to its lowest growth rate since the Global Financial crisis, yet is awash with liquidity and debt, both public and private
- Credit quality is sliding and the financial system is vulnerable
Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP
US President Donald Trump meeting a delegation of Chinese trade envoys led by vice-premier Liu He in the Oval Office on February 22, 2019. Photo: AFP
China played the long game to see who ‘blinks first’ when US trade war spiralled out of control in 2018, central bank’s ex-adviser says
- David Li Daokui, former member of Chinese central bank’s monetary committee, said US and China have had series of false starts in talks to avert trade war
- Two sides need a monitoring mechanism and a protocol for regular dialogue, Tsinghua University professor Li said
Topic |
US-China trade war
US President Donald Trump meeting a delegation of Chinese trade envoys led by vice-premier Liu He in the Oval Office on February 22, 2019. Photo: AFP