Reported 1 day ago
The article discusses the challenges faced by China in shifting from an export-driven economy to one based on domestic consumption, highlighted by disappointing retail sales. Meanwhile, U.S. policies under President Trump aim to pressure Chinese consumers to buy more, while stressing that American consumers may have to deal with fewer imported goods due to high tariffs. The latest U.S. tax cut proposals could further complicate the economic landscape, contributing to a decline in Wall Street futures and raising concerns among foreign investors.
Source: YAHOO