Hey, remember China?: Morning Brief

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Hey, remember China?: Morning Brief

Yahoo Finance2021-09-14

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 14, 2021 A geopolitical ...

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MATRIXTAY99
·2021-09-15
Yet another misleading article which fails to acknowledge that it was Trumps administration that started the tariffs war and bullying tactics against China. US corporates giants are now absorbing the burden of increase raw materials pricing because of US tariff war. Chinese global economic expansion is unquestionable even without US markets., its shares and corporates giant will definitely continue to flourish.
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Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe\nTuesday, September 14, 2021\nA geopolitical ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hey-remember-china-morning-brief-090745260.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JD","symbol_name":"京东","start_time":0,"source_url":"https://finance.yahoo.com/news/hey-remember-china-morning-brief-090745260.html","article_id":"2167530574","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/waDAXCO4pJF7B4w0jR.ivQ--~B/aD0xNzI4O3c9MjU5MjthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-images/2019-10/233af5e0-e41a-11e9-8e7f-8cbbe989d6f8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2167530574","pubTimestamp":1631610465,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JD":"京东","DIDI":"滴滴(已退市)","09988":"阿里巴巴-W","BABA":"阿里巴巴","QNETCN":"纳斯达克中美互联网老虎指数","09618":"京东集团-SW","NIO":"蔚来"},"translate_title":"嘿，还记得中国吗？早间简报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DIDI":0.9,"JD":0.9,"09618":0.6,"09988":0.6,"BABA":0.6,"NIO":0.6,"QNETCN":0.6},"content_text":"This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe\nTuesday, September 14, 2021\nA geopolitical struggle barely in the early stages, with big implications\nAt the height of former President Donald Trump’s trade war with China in 2019, I wrote about the hydra-headed controversies that were turning Sino-American flashpoints into an epochal fight for geopolitical dominance.\nIn short, there was a growing realization that tunnel vision over tariffs was obscuring paths in which the two world’s largest economies were heading toward a head-on collision rather than collaboration.\nFast forward to the present day, and the situation is arguably more grim than it was just two years ago. Superimposed against the larger narrative of COVID-19 (and for now, we’ll gingerly sidestep the radioactive topic of the virus’ origins), a revanchist Beijing is playing aggressive offense on multiple courts, and rattling markets in the process.\nFor months, China’s been taking aim at private industries, advancing policies that are shaking investor confidence and showing no inclination toward resolving outstanding issues with the U.S.\nOn Friday, an already jittery stock market took a leg lower after Bloomberg reported that the Biden administration was weighing a probe of Chinese subsidies. And on Monday, Alibaba (BABA) and electric vehicle stocks tumbled on reports of possible government intervention in both sectors. \nAnd we haven’t even scratched the surface of a brewing controversy over Beijing cracking down on gaming in ways that may ricochet across electronic sports.\n“We really are not even in the beginning stages of the [tech] crackdown,” Wolfpack Research founder and CIO Dan David told Yahoo Finance Live. “China is going back to a policy of total control, and they don’t want people having the kind of addiction to gaming that maybe we have here.”\nTherein lies the rub, with Wall Street analysts like Deutsche Bank’s Alan Ruskin warning of China’s ability to make a “tenuous and twitchy” market even more volatile.\nWhile stocks have taken bad news mostly in stride, Ruskin cautioned that widening U.S.-China policy divergences are a threat to global growth, and the ability of stocks to keep defying gravity.\nAccording to the analyst, “the U.S. and China are the most important moving parts in the global risk equation, whether it be near-term cyclical or long-term structural forces. The U.S. is reaching a stage where it is becoming a less positive force for risk, while China shows no capacity, desire or willingness to take up the running.”\nThe wild card in all of this of course is the Delta variant, which is showing no signs of slowing. While most countries are slowly adapting to a pandemic that’s becoming endemic, China’s heavy-handed “zero COVID” approach is a threat to growth, and supply chains that are already disrupted to the point of rupturing all together.\nCombined with amplifying fears that the Chinese economy is slowing, and you have a potentially toxic brew that investors could be forced to swallow — sooner rather than later.\n“As long as vaccines continue to roll out and prove effective against COVID-19 and its variants through the fall, pandemic uncertainty will fade from market concerns and the volatile U.S.-China relationship will return to center stage,” wrote Christopher Smart, Barings Investment Institute’s chief global strategist, on Monday.\n“The consequences for the world’s geopolitical balance remain far from certain, but at the very least markets can expect more drama from sanctions, tariffs and regulatory uncertainty,” he added.\nLate Monday, Goldman Sachs issued a report exploring whether China was still \"investable.\" The bank's analysts ultimately arrived at the view that recent events are \"largely consistent with the goal of achieving sustainable and socially responsible growth, suggesting limited damage to China’s longer-term growth and investment prospects,\" regardless of the short-term impact.\nYet, that one of Wall Street's biggest names is even asking the question is quite telling. China's strong-arm tactics are putting Western companies on notice that the lucrative business detente they've enjoyed for decades may be in jeopardy.\nBy Javier E. David, editor at Yahoo Finance. Follow him at @Teflongeek\n\n\n\nTry Yahoo Finance Plus now.\n\n\nWhat to watch today\n\nEconomy\n\n6:00 a.m. ET: NFIB Small Business Optimism, August (99.0 expected, 99.7 during prior month)\n8:30 a.m. ET: Real Average Weekly Earnings, year-over-year, August (-0.9% during prior month)\n8:30 a.m. ET: Consumer Price Index, month-over-month, August (0.4% expected, 0.5% in July)\n8:30 a.m. ET: Consumer Price Index excluding food and energy, month-over-month, August (0.3% expected, 0.3% in July)\n8:30 a.m. ET: Consumer Price Index, year-over-year, August (5.3% expected, 5.4% in July)\n8:30 a.m. ET: Consumer Price Index excluding food and energy, year-over-year (August (4.2% expected, 4.3% in August)\n\nEarnings\n\n7:30 a.m. ET: FuelCell Energy (FCEL) is expected to report adjusted losses of 6 cents per share on revenue of $20.63 million\n\nPolitics\n\nU.S. Securities and Exchange Commission Chair Gary Gensler is before the Senate at 10 a.m. ET for an oversight hearing. His plans for cryptocurrency are expected to be a key topic with Gensler set to argue for more power in order to add new consumer protections for crypto markets.\nToday is the final day in California’s recall election. The voting — conducted over the mail — ends at 8:00 p.m. PT with polls showing California Gov. Gavin Newsom in a strong position to survive the recall attempt.\nThe U.S. House Ways and Means Committee will formally debate the Democratic plan for tax increases at 9:00 a.m. ET. Meanwhile, U.S. Secretary of State Antony Blinken will face a second day of questioning on Capitol Hill at 10:00 a.m. ET after a contentious first round on Monday.\n\nTop News\nDemocrats seek new tax on America's richest while scaling down other hikes [Yahoo Money]\nApple iPhone 13 event: What to expect [Yahoo Finance]\nIntuit to acquire email marketer Mailchimp for $12 billion [Bloomberg]\nLitecoin jolted by Walmart hoax, exposing 'extremely adversarial environment' of crypto [Yahoo Finance]\nYahoo Finance Highlights\n \nCOVID-19 may cause Gates Foundation to fall short on reaching ambitious 2030 goals\nAmazon faces new antitrust claims from DC attorney general\nAmerican households continue to expect rising inflation: NY Fed survey\n—\n\nRead the latest financial and business news from Yahoo Finance\n\nFollow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":882555994,"gmtCreate":1631710765318,"gmtModify":1676530614672,"author":{"id":"3568958827641736","authorId":"3568958827641736","authorIdStr":"3568958827641736","name":"MATRIXTAY99","avatar":"https://static.tigerbbs.com/ab7901224dae33cb86d800e2ab493489","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3568958827641736"},"htmlText":"Yet another misleading article which fails to acknowledge that it was Trumps administration that started the tariffs war and bullying tactics against China. 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