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[New Dynastie Tang heure de Beijing, le 14 juillet 2018] Sino-US trade tensions continue to intensify. Some US media have quoted observers claiming that the new $ 200 billion Chinese goods tariff series was directly threatening the Chinese manufacturing industry and was more deadly for the CCP.
According to Bloomberg News, the second round of tax collection proposed by the US government targets China's manufactured goods, such as furniture, electronics, refrigerators, textiles, auto parts and mechanical products. These products account for about 67% of China's total exports to the United States, which represents 18% of its GDP.
According to the report, this means that once the tariff of 10% on the goods listed on this list will begin, the Chinese economy will be strongly affected. The "CNBC" report of the National Broadcasting Corporation quoted Piyush Gupta, chief executive of the Singapore Development Bank, saying that the Trump administration plan to impose a new $ 200 billion tariff on the CPC would be much more important than the previous one. A wave of tariff shocks.
Gao Bode said that most of the products covered by the new tariffs are finished products, particularly threatening China's largest employment industry – manufacturing, but manufacturing is the main source of Chinese currencies.
Gao Bode believes that US tariffs on these products will put tremendous pressure on the CCP's capital control system and could even undermine the stability of the Chinese financial system as a whole.
However, this will not be much affected by the United States, and the United States may obtain similar products from other sources of supply.
Gao Bode also pointed out that the implementation of new tariffs could also accelerate the transfer of low-wage manufacturing from the continent to other countries, such as Vietnam and Bangladesh.
According to official data from the Chinese Communist Party, Chinese manufacturing industry experienced a slowdown in June, with the Purchasing Managers Index (PMI) falling to 51.5 in June, lower than badysts' forecasts. 51.6, and below 51.9 in May. .
Purchasing Managers & Indexes (PMI) is a medical checklist for measuring manufacturing, an important input for leading indicators that measure manufacturing output, new orders, commodity prices raw, stocks, employees, delivery order, new export orders and imports.
A number of foreign media reports pointed out that there are more and more signs that China's economic growth is slowing down.
The Wall Street Journal recently reported that the Sino-US trade dispute had brought the CCP into a difficult period: China's recent economic growth weakened, investment weakness and consumer spending weakened. households with business failures. Addressing the debt problems of central and local governments has become a priority for the CCP.
As domestic demand declines, foreign demand is under pressure from the escalating trade dispute between China and the United States.
According to the Chinese Communist Party's official statistics at the end of June, China's new mainland export orders index fell for the first time since February, from 51.2 in May. at 49.8.
In addition, the production sub-index also declined in June, from 54.1 in May to 53.6, while the new orders sub-index rose from 53.8 to 53.2 .
The Epoch Times badysis estimates that the reduction in new export orders in June may indicate that China's export prospects will be more difficult.
In this context, the prospect of Sino-US trade disputes provoked growing panic on the continent and raised questions from academics and system officials. The CPC Trade Ministry has repeatedly pledged to "fight" and "accompany the end," but Chinese imports from the United States account for only 135 billion dollars, and the CCP does not. has virtually no possibility of countermeasures.
The first wave of Sino-US trade wars began on July 6th. Four days later (July 10), the US Trump Administration announced that it would impose a 10% tariff on 200 billion US dollars and up to thousands of dollars. Chinese imports. It should be implemented next month.
(Reporter Xiao Jing full report / responsible editor: Ming Xuan)
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