A trader works on the floor of the New York Stock Exchange. The US bond market is pricing on the assumption the US-China trade war will deliver a deflationary bust. Photo: Bloomberg
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

US-China trade war: the financial markets are focused on the wrong risk

  • US bond market investors have been acting in a terrifying fashion, assuming a deflationary shock is ahead.
  • Such logic ignores trends from the last 30 years of globalisation

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A trader works on the floor of the New York Stock Exchange. The US bond market is pricing on the assumption the US-China trade war will deliver a deflationary bust. Photo: Bloomberg
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Wang Xiangwei
Wang Xiangwei
Opinion

SCMP Columnist

China Briefing by Wang Xiangwei

Will Macau casinos be targeted in US-China trade war? The odds are shortening for Sheldon Adelson, Trump’s ‘Patron-in-Chief’

  • American casino licences may be brought into play as trade tensions worsen
  • Even if they are not revoked, there are other ways Beijing can squeeze them

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