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A protracted trade war has trenchant repercussions for China

First published: Financial Times 24.09.2018

According to recent surveys, investors say the biggest risk they see is the trade war. Generally, financial markets do not reflect this, perhaps because the economic impact so far is not that big, and the earnings and revenue effects even less. Yet, investors are right to focus on the trade war, which will have implications for the global economy and markets, and no less trenchant repercussions on China. We should remember two things. Read on….