Trump’s Trade Threats Hit China’s Stock Market and Currency [The New York Times]
BANK OF COMMUNS UNSP/ADR (BCMXY)
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Source: The New York Times
Image On the display boards at securities brokerages in Beijing, red means a rising stock and green a falling stock. Lately, for many investors, there has been too much green. Credit Wu Hong/EPA, via Shutterstock By Keith Bradsher June 28, 2018 SHANGHAI — Months of struggling with economic problems at home and bickering with President Trump over trade are starting to take their toll on China’s financial health. China’s stock market has now fallen close to levels not seen since a crash shocked global investors three years ago. An elite Chinese think tank affiliated with the government warned this week that the chances of a financial panic had risen significantly, shaking markets even more. Chinese officials are trying to help factories deal with American tariffs by weakening the value of the country’s currency. That makes Chinese goods more competitive abroad, but it also gives investors inside and outside China a reason to take their money out of th
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