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Optimists are giving up hope for U.S.-China trade war breakthrough

Haibin Zhu, chief China economist at J.P. Morgan, said the bank’s baseline scenario is for the U.S. to impose tariffs on all Chinese imports. That means “real painful economic events in 2019,” he said at a conference last week in Hong Kong. With the transformation into a “full-scale trade war, …

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Optimists are giving up hope for U.S.-China trade war breakthrough

Haibin Zhu, chief China economist at J.P. Morgan, said the bank’s baseline scenario is for the U.S. to impose tariffs on all Chinese imports. That means “real painful economic events in 2019,” he said at a conference last week in Hong Kong. With the transformation into a “full-scale trade war, …

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Wall Street, Saudi Arabia, currencies in focus

Stocks in Asia were higher on Tuesday morning, as Wall Street slipped overnight and amid geopolitical tensions between Saudi Arabia and the international community. Hong Kong’s Hang Seng index gained 0.94 percent in early trade, while the Shanghai composite over on the mainland advanced by 0.88 percent and the Shenzhen …

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