US-China Trade War: Biden Makes Pre-Trump Move Against Tencent

“The sudden weakening of the US dollar overnight given news that the incoming US administration may pare back on import tariffs does not really change the below story (in fact the largest appreciation came from the euro and not so much the RMB). China’s currency is under pressure for domestic reasons and not only because of Trump’s policies.”China’s Domestic Struggles: PMI Data and Labor Market ConcernsDecember’s Caixin private sector PMI data raised concerns about the effectiveness of Beijing’s stimulus me ...