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
Topic |   US-China trade war

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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
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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

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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
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