US Commerce Secretary Wilbur Ross arrives at a state dinner at the Great Hall of the People in Beijing on November 9, 2017. Photo: Reuters
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

A ‘phase one’ US-China trade deal will do little to bolster confidence shattered by deglobalisation

  • US Commerce Secretary Wilbur Ross recently suggested that an initial trade deal will go a long way towards resolving global uncertainty. To the contrary, it will take much more to reverse the effects of deglobalisation accelerated by the Trump administration

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US Commerce Secretary Wilbur Ross arrives at a state dinner at the Great Hall of the People in Beijing on November 9, 2017. Photo: Reuters
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New cars are lined up at a BYD factory in Xian, Shaanxi province. China’s economic output has slowed to the critical level of 6 per cent in the third quarter of the year. Photo: EPA-EFE
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

With the US-China trade war likely to drag on, are Beijing’s economic growth targets still valid? Maybe not

  • Markets believe certain growth levels need to be maintained in China’s quest to become a ‘moderately prosperous society’ and, ultimately, a superpower
  • However, with the trade war and changing external circumstances, missing growth targets might become the new norm

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New cars are lined up at a BYD factory in Xian, Shaanxi province. China’s economic output has slowed to the critical level of 6 per cent in the third quarter of the year. Photo: EPA-EFE
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