Chinas stock market plunge vs. trade war

[tsptalk]

China’s stock market plunge will not force the country to give up in its trade war with US

-The two major stock indexes in China have lost one-quarter of their value from highs this year. But it will take more than a bear market to get China to back down in its trade war with the U.S., according to Wall Street.

-China’s Shanghai composite is down about 18 percent so far this year compared to the S&P 500’s 6 percent gain. The Asian country’s benchmark is also down nearly 25 percent from its late January high.

-“Given the huge gap between the two sides [U.S. and China], the outlook remains extremely unclear. Negotiations, even if resumed, will likely involve a bumpy and lengthy process,” J.P. Morgan’s China equity strategist Haibin Zhu says.

https://www.cnbc.com/2018/08/06/ana...lunge-will-not-end-its-trade-war-with-us.html