Bank Of China Chief: Dotard's Trade War only caused Chinese GDP 0.5% lower, MAGA got to try harder, see who die 1st!

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https://tw.news.yahoo.com/貿易戰影響中國gdp-周小川:不到半個百分點-015014511.html

貿易戰影響中國GDP 周小川:不到半個百分點

Yahoo奇摩(即時新聞)


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2018年9月9日 上午9:50


在美國將加碼對中國2000億美元產品課稅之際,前中國人民銀行(中國央行)行長周小川近日接受美國CNBC新聞頻道訪問時宣稱,美中貿易戰對中國經濟的影響「不到半個百分點」。
香港明報今天報導,現任博鰲亞洲論壇秘書長周小川出席在義大利舉辦的安博思論壇(Ambrosetti Forum)時,接受CNBC訪問表示,「我們使用數學模型來計算貿易戰的負面影響。它不是很大,並不重要,對中國經濟(指國內生產毛額GDP)的影響不到半個百分點。」
周小川對CNBC說:「最糟糕的情況是,中國不再向美國出口5000億美元的商品。這就要看中國能有多快將貨物轉到其他國家。實際上我認為中國可以迅速採取行動。」他說,中國央行已向中國國家主席習近平提交相關建議。
不過,他說,2008年雷曼兄弟事件發生時,市場突然出現恐慌,經濟模型很難分析到市場情緒。
他表示,中國經濟成長超過6%,有足夠外匯存底和流動性,有能力抵禦外部衝擊。
川普7月對340億美元銷美中國貨品加徵高達25%關稅,8月又宣布對另外價值160億美元的中國商品課徵關稅。北京也回敬針鋒相對的報復措施。
美國總統川普9月7日說,對中國價值2000億美元的商品加徵關稅,箭在弦上,「可能很快就生效」。他還警告,準備另對2670億美元的中國產品徵稅,端看中國的作為。


Trade war affects China's GDP Zhou Xiaochuan: less than half a percentage point

Yahoo Chimo (instant news)

September 9, 2018



At a time when the United States will overweight China’s $200 billion product tax, Zhou Xiaochuan, former president of the People’s Bank of China (PBOC), recently announced that the US-China trade war has less than half of the impact on the Chinese economy. Percentage points."
The Hong Kong Ming Pao reported today that Zhou Xiaochuan, the current secretary-general of the Boao Forum for Asia, attended the Ambrosetti Forum held in Italy and accepted the CNBC interview. "We use mathematical models to calculate the negative impact of the trade war. It is not very big. It is not important, and the impact on the Chinese economy (referring to gross domestic product GDP) is less than half a percentage point."
Zhou Xiaochuan told CNBC: "The worst case is that China no longer exports 500 billion US dollars of goods to the US. It depends on how quickly China can transfer goods to other countries. In fact, I think China can act quickly. He said that the People's Bank of China has submitted relevant recommendations to Chinese President Xi Jinping.
However, he said that when the Lehman Brothers incident occurred in 2008, the market suddenly panic, and the economic model is difficult to analyze market sentiment.
He said that China's economy has grown by more than 6%, has sufficient foreign exchange reserves and liquidity, and is capable of resisting external shocks.
In July, Trump imposed a tariff of up to 25% on US$34 billion for US goods, and in August it announced a tariff on another US$16 billion worth of Chinese goods. Beijing also replied to the tit-for-tat retaliatory measures.
US President Trump said on September 7 that tariffs on Chinese goods worth 200 billion U.S. dollars will be imposed on the strings. "It may take effect soon." He also warned that he would be prepared to tax another $267 billion in Chinese products, depending on China's actions.

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The fact is China already have the whole world to do businesses with and can do TOTALLY WITHOUT USA. Don't Buy Don't Sell, it is OK, Debts? Just dump and use as weapon to kill your currency. Good enough to write you off, and gain from your losses.
 
US cannot stop china imports overnight. In fact i doubt if they csn find replacement anywhere else. But US feds gain ftom these tsriffs by getting extra revenue.its a form of taxation.and it could be addict8ve. Many countries have some form of import taxes and duties. US before the tariffs was like a big free trade zone. Most things were imported duty free.
 
Fucking Dotard MAGA by fucking around the whole world to bully and exploit everyone DESPERATELY, and made every country an ENEMY.

USA is set to be fucked together by ALL COUNTRIES GANGED UP.

It will be a spectacular MAGA!
 
Fucking Dotard MAGA by fucking around the whole world to bully and exploit everyone DESPERATELY, and made every country an ENEMY.

USA is set to be fucked together by ALL COUNTRIES GANGED UP.

It will be a spectacular MAGA!
Before this, US economy very open to free trade. But their exports faced many restrictions. Trump just making things fair.
 
If this trade war is affecting the USA soon badly...how come USD keeps going up? N ah tiong land currency is dropping? N countries which has close links to ah tiong land are suffering the fall out? Is it cos ah tiong land has more to loose?
 
Before this, US economy very open to free trade. But their exports faced many restrictions. Trump just making things fair.

Trump is just making things worse! He is not the only leader with a huge ego and a home audience to please!
 
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