Steen's Chronicle: China going counter-cyclical
Chief Investment Officer
Summary: The global economy is headed into contraction, and the spotlight is on China's response.
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Since 2018, the global economy has moved towards a downturn while the supply chain realignment – of which the China/US trade talks are a major component – accelerates. For investors looking to forecast the coming changes, the Federal Reserve's apparent pausing of its quantitative tightening plans and the changes seen in the Chinese credit cycle are key factors.
In Dr. Su's attached presentation, he also notes that the World Trade Organization is facing 'judgment day' at the 2019 Japan G20 summit as the fractures within the present multilateral system of global trade make themselves more apparent.
For a full copy of Dr. Su's presentation on China going counter-cyclical, please click here.
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