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China stocks have fallen below 5% in one trading session 24 times since January 2010, with most of those declines coming in 2015 and 2016. It fell below 5% once last year, and now today. China's been a raging bull all year as investors seemed to have given up on an escalation of trade tensions. Possible explanations for Trump's about-face include China balking on tech transfer in joint venture deals, and subsidies to favored industries, especially those within Xi's Made in China 2025 industrial policy. Rumor has it that China was reluctant to commit to a timeline on any sweeping economic reforms unless Washington lifted trade tariffs immediately, a total non-starter.
Its no wonder tough issues. Ever get solved on Washington. There are naysayers on all sides grouching while some one is working hard to find a solution. MSM does nothing to help the situation find a solution
Wall street was dragged down by a tiny amount, largely due to chinese stocks that are listed on U.S. exchanges and a few sellout U.S. companies that have been relying on slave labor and/or underming the USA. The aformentioned should be investigated, fined, imprisoned or expelled
Wall Street already “put way too much stock” in Communist China for at least 3 decades now. Enough is enough!
What ever.....our economy doesn’t need China but they need us. We can only beat our selves.
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