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As China shut down an U.S. consular office in Chengdu last week, everyone is viewing rising geopolitical tensions in between the globe's two largest economies.
Steve Hanke, professor of applied business economics at Johns Hopkins College, claimed that relationships in between the U.S. as well as China are not mosting likely to enhance in the short-term.
" Things are not ready to improve between China and also the U.S. whenever soon. I don't see any kind of smart diplomats functioning the road that could relax that down, so we can anticipate some bad news events leading to substantial market modifications although we remain in an up market in equities," Hanke said.
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Brace for major market corrections should China-U.S. conflict become ‘real’
As China closed down a U.S. consulate in Chengdu last week, everyone is watching rising geopolitical tensions between the world’s two largest economies.
Steve Hanke, professor of applied economics at Johns Hopkins University, said that relations between the U.S. and China are not going to improve in the short-term.
“Things are not about to get better between China and the U.S. any time soon. I don’t see any clever diplomats working the street that could calm that down, so we can expect some bad news events leading to significant market corrections even though we’re in an up market in equities,” Hanke said.
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