A truck stands next to shipping containers at a port in Shanghai, China. The US hiked tariffs on more than US$200 billion in goods from China in the most dramatic escalation yet of the trade spat. Photo: Bloomberg
China’s biggest companies can weather US-China trade war escalation, says rating agency S&P
- However, prolonged uncertainty and lagging confidence could eventually make it harder for Chinese companies to refinance debt, S&P says
- Only about 8 per cent of companies S&P rates have direct exposure to increased tariffs through exports
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US-China trade war
A truck stands next to shipping containers at a port in Shanghai, China. The US hiked tariffs on more than US$200 billion in goods from China in the most dramatic escalation yet of the trade spat. Photo: Bloomberg
Heightened expectations around stimulus mean it has been priced in by the market, with automobile stocks outperforming the Shanghai Composite Index amid an escalating trade war. Photo: Xinhua
Trade war to rescue China’s stalling car firms as Beijing considers stimulus to boost domestic consumption
- Passenger car sales declined 16.9 per cent year on year in April, the eleventh consecutive month of declines
- Industry represents about 6 per cent of China’s economic output
Topic |
US-China trade war
Heightened expectations around stimulus mean it has been priced in by the market, with automobile stocks outperforming the Shanghai Composite Index amid an escalating trade war. Photo: Xinhua