“Don’t Underestimate China’s Will”
While we patiently wait for Beijing to give the green light for the APC to cross from Shenzhen into Hong Kong, the EIC of the Global Times, the notoriously trollish Hu Xijin just poured some more oil on the trade war fire with a preview of what’s coming:
“People’s Daily, CPC’s official newspaper, will publish a long article Tuesday vowing China can defeat any challenge and pressure of the US. The signal sent by this kind of article is stronger than signal of US senior officials’ remarks.The US should not underestimate China’s will.“
And stocks reacted rapidly…
And bonds (10Y 1.65% handle) and gold are safe-haven bid…
This won’t end well.