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China about to blink in the face of tariffs txprep Political News and Discussion 388 10-23-2019 02:04 AM
Trade Deal Dead: Trump Cranks Up Tariffs On China SurvivalOfTheFit General Discussion 24 05-10-2019 09:19 PM
Does Trump not know how tariff's work? lucky strike Political News and Discussion 52 01-19-2019 06:57 PM
The EU Blinks - Offers U.S. Concessions to Avoid Trade War Batko10 Political News and Discussion 107 08-12-2018 09:16 AM

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Old 10-21-2019, 06:33 PM
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But your article is biased and does not tell the beginning.....


https://www.chicagotribune.com/busin...pqi-story.html

The World Trade Organization on Monday gave the formal go-ahead for the United States to impose trade sanctions on up to $7.5 billion worth of European Union goods following a ruling that plane-maker Airbus received illegal subsidies.
EU aircraft will face a 10% import tax; other products from cheese to olive oil to single-malt whiskey on the list will be hit with 25% tariffs. The Trump administration insists that it has the authority to increase the tariffs whenever it wants or to alter the products in its list.
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Old 10-23-2019, 02:01 AM
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Old 12-22-2019, 12:59 AM
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China update:

Within the last 10 -14 days, there's been a belated recognition of what are known as "LGFV" (Local Government Financing Vehicles) - usually cities, special districts, and others all the way up to provinces. In the last 10-14 days, it's been Tianjin's Tewoo Group (Tianjin province and other special entities) in the news.

Also, in the same time frame, there has been the very near default of bonded indebtedness of the Hohhot Economic and Technological Development Zone Investment Development Group, in the Chinese autonomous region of Inner Mongolia.

Both cases had substantial amounts of US dollar denominated debt coming due in 2019, and higher amounts due in 2020. Considerable amounts of this debt are SOE (State Owned Enterprises) related. This is really disturbing news, because much of the investor money comes from the private sector and the investors felt that the Chinese government has made implicit guarantees that the money invested would be protected by the governments and any losses would be covered by the government.

Right now, we don't know if that's true or not. Here's the numbers: China has a $4.4 trillion onshore corporate bond market. The 2 entities listed above have max. risk topping out at around $40 billion in bonds. Percentage wise, it's tiny. But, this is shadow banking funds, and a substantial part of this involves financial debt cross-guarantees between companies (In other words, everybody is daisy-chained together to meet everybody else's debt payment obligations).

There's a lot of questions out there on this whole area. Lots of unknowns. Might want to look for popcorn futures.

Link to the story

It's 12.22.2009. Two weeks ago was 12.08.2019. That's when movement started on the Phase I trade deal to postpone the tariffs. It's almost like Trump is playing for time. Might just be related to this.
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Old 12-22-2019, 02:13 AM
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China had corralled all significant inter entity / agency loans (they do show up on tax audits) and now feels comfortable enough to loosen controls on shadow banking this year to juice up economic growth. This is not going to be an issue for China.
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