China Press: Trump's claims of winning trade war are 'wishful thinking' - Reuters

Dhwani Mehta FXStreet

Reuters reports a commentary carried in a Chinese state newspaper, China Daily, which described as “wishful thinking” US President Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war and an example of his “ability to elasticize the truth.”

Key Points:

“The commentary in the official China Daily comes as rhetoric in state media, which is actively controlled by Beijing, has taken an increasingly aggressive stance against Trump, a shift from their previous approach, which mostly limited direct criticism to U.S. policies.

China’s stock market was performing poorly before the administration’s tariff attack, said the China Daily, and is due in part to Beijing’s attempts to cut corporate debt.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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