High_Plains_Drifter
10-18-2018, 11:54 PM
Looks like more WINNING to me. All those people with their undies in a bundle over President Trump and his trade negotiations... well... they should have given him time. He couldn't undo decades of getting screwed overnight. I knew it would just take time. Now the Chinese want to play ball... now the Chinese HAVE to play ball... and our president has turned American's economy into the MOST COMPETITIVE ECONOMY IN THE WORLD... that's good... right... Pete? This is what happens when we stop financing China's growth. This is what happens when China can no longer bleed America like a intergalactic leech. This is what happens when SOMEONE looks out for AMERICA instead of letting other nations slap us around like a red headed step child. China isn't going to be building it's massive economy on the backs of Americans anymore. Now they have to pull their own weight... the tits run dry and the playing field has been leveled. Now maybe those "worried investors" should think about investing in AMERICA.
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China Growth Slows to 6.5%; Finance Officials Try to Soothe Worried Investors
BEIJING—China’s economic expansion slowed to its weakest pace since the financial crisis, as top financial regulators launched an extraordinary coordinated effort to calm jittery investors.
The rate of growth in the third quarter dropped to 6.5%, falling short of market expectations, official statistics released Friday showed. Growth in industrial output and consumption weakened in the quarter, while exports held up despite the country’s bruising trade fight with the U.S.
Shortly before the data was released, People’s Bank of China Gov. Yi Gang, banking and insurance regulatory chief Guo Shuqing and top securities cop Liu Shiyu all issued statements urging investors to remain calm. Mr. Guo said recent “abnormal fluctuations” in Chinese stock markets don’t reflect the country’s economic fundamentals and “stable financial system.” The Shanghai Composite Index—the worst performer among global benchmarks—has declined 25% so far this year. It fell as much as 1.1% after opening Friday, but rebounded in late morning trading.
https://www.wsj.com/articles/china-growth-slows-to-6-5-finance-officials-try-to-soothe-worried-investors-1539917129
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China Growth Slows to 6.5%; Finance Officials Try to Soothe Worried Investors
BEIJING—China’s economic expansion slowed to its weakest pace since the financial crisis, as top financial regulators launched an extraordinary coordinated effort to calm jittery investors.
The rate of growth in the third quarter dropped to 6.5%, falling short of market expectations, official statistics released Friday showed. Growth in industrial output and consumption weakened in the quarter, while exports held up despite the country’s bruising trade fight with the U.S.
Shortly before the data was released, People’s Bank of China Gov. Yi Gang, banking and insurance regulatory chief Guo Shuqing and top securities cop Liu Shiyu all issued statements urging investors to remain calm. Mr. Guo said recent “abnormal fluctuations” in Chinese stock markets don’t reflect the country’s economic fundamentals and “stable financial system.” The Shanghai Composite Index—the worst performer among global benchmarks—has declined 25% so far this year. It fell as much as 1.1% after opening Friday, but rebounded in late morning trading.
https://www.wsj.com/articles/china-growth-slows-to-6-5-finance-officials-try-to-soothe-worried-investors-1539917129