Goldman Sachs note from Sudnay ICYMI

  • US tariffs on Chinese imports could put as many as 16 million jobs at risk in China
  • “If high US-China tariffs were to persist and Chinese exports were to fall precipitously, labour markets would surely feel the pressure”
  • the 16 million jobs would be involved in the production of exports to the US and nearly one-quarter would be in the wholesale and retail
  • Goldman Sachs says communication equipment, apparel and chemical products “more vulnerable” than other manufactured goods thanks to their “high share in US-bound exports from China”
Goldman Sachs china 2

Yesterday we had stimulus efforts being worked on in China:"

Source: Forex Live