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1.Market Observations, 8.Was Sticky

7 Aug 2019 (AFR) – China accuses US of ‘destroying international order’

[COMMENT: It’s hard to know if anything we read is biased – such as this article from China’s official communist party newspaper (which one might consider to be propaganda), or another take which says that China never plays by the rules.]

(7 August 2019, AFR, p11, Winni Zhou, David Stanway, Cheng Leng and Yawen Chen)

Shanghai/Beijing | China’s official Communist Party newspaper on Tuesday accused the United States of “deliberately destroying international order”, as Washington branded Beijing a currency manipulator in a rapidly escalating trade dispute. The accusation, which followed a sharp slide in the yuan on Monday, has driven an even bigger wedge between the world’s largest economies and crushed any lingering hopes for a quick resolution to their year-long trade war. The dispute has already spread beyond tariffs to other areas such as technology, and analysts caution tit-for-tat measures could widen in scope and severity, weighing further on global economic growth.’

Read more at (might need AFR log in access, or try:

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