[ad_1]
"Global soybean supply and demand are tightly balanced right now," said Gong Yanhai, senior badyst at Shanghai at Huatai Asset Management. The US soybean tax, Gong said, also means that China will pay more to buy beans from its largest supplier, Brazil, where bushel prices have already increased in anticipation of tariffs.
On the Weibo social media platform, the word was circulating Friday on a ship that was accelerating to China to beat the tariffs of its precious cargo: American soybeans. Bloomberg reported earlier the race against the clock
. The trade war could have just as important effects on the $ 2 trillion worth of goods that the country sells to the rest of the world, said Hua Min, an economist at Fudan University in Shanghai. A decade or so ago, as a result of the global financial crisis, Chinese exports were curing, and consumers and businesses could not spend enough to smash the factories.
"The Chinese economy is mainly exporting" Hua said. "If there are no exports, there will be overcapacity in manufacturing, the overcapacity will lead to debt, and the debt will affect the balance sheets of companies." will be the year 2008 again. "
In a Tesla dealership in downtown Shanghai on Friday, there was not much love for the idea of paying again more expensive for high-end electric vehicles. Said Charlie Lin, 25, who works in real estate and who looks at cars. "China and the United States definitely have ways to solve it – after all, an endless fight would be bad for both countries – these are only temporary measures."
Yet, "China must accept this challenge, "said Mr. Lin. "We have enough stamina to defend ourselves, we will find out what America is made of."
Source link
