Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

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

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Wildebeest crossing the Mara River in the Maasai Mara Game Reserve in Kenya on Tuesday, December 3, 2013. Photo: AP
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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

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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
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