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The Shanghai Composite index fell by -1.20% during the Asian trading session on Thursday morning, as critical data relating to the country’s economic performance, missed the Reuters forecasts. Industrial production for the globe’s second largest economy, came in at 5.6% growth (year on year) up to February, falling from 6.20% growth in the previous month. Sentiment in China has also waned as a consequence of no progress being made, with regards to the trade war and tariff threats from the USA. An impasse which, despite falling off the financial media’s radar over recent weeks, is still at the forefront of analysts’ minds.
After the Trump administration has pushed back their threat; to apply up to 25% tariffs on up to $200b of Chinese imports from the March 1st deadline, market analysts still await Trump to confirm the actual date he’ll meet with the Chinese premier, to confirm that the tariff threats are history. Until such time, Chinese markets and indeed the Chinese economy, may cont...
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