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China Sends Message To America With New Fiscal Stimulus Measures: This Trade War Will Not Be Easy To Win
If the last two weeks are any indication, "winning" a trade war with China is going to be anything but "easy", as Donald Trump famously claimed earlier this year.
The sheer number of tools at the PBoC's disposal when it comes to easing domestic liquidity conditions and the Politburo's willingness to implement fiscal stimulus in order to juice domestic demand together mean China is well equipped for a lengthy war of attrition.
On Monday, the PBoC offered up 502 billion yuan in one-year MLF, the
That sh!t eating grin on Xi says it all. I can’t believe the americans were stupid enough to send this guy into the ring with me.