China's Consumers/Banks/Bond Market and Defaults/Trade Wars/Marxism

Monthly Geopolitical Comment: Too Early to Expect Lasting Improvements in US-China Relationship

Recession/Trade War/ Consumers/Shares/Perpetual Bonds

Global Macro Strategy

Callum Henderson

Macroeconomics

<p>These are momentous times for China. The National People's Congress (NPC) has scrapped the two-term limit for the presidency, China's economic team has undergone major changes and the country's regulatory framework has seen the biggest restructuring since the early 2000s; all this against the backdrop of the US administration ramping up trade tensions with China on steel, aluminium and intellectual property. Given this context, Chinese asset markets have been remarkably calm so far this year…</p>

These are momentous times for China. The National People's Congress (NPC) has scrapped the two-term limit for the presidency, China's economic team has undergone major changes and the country's regulatory framework has seen the biggest restructuring since the early 2000s; all this against the backdrop of the US administration ramping up trade tensions with China on steel, aluminium and intellectual property. Given this context, Chinese asset markets have been remarkably calm so far this year…

China: Playing the Long Game on Policy, Politics and Priorities While Trade Tensions Mount