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“China are out of bullets. The fight is done and dusted. Now it’s just a question of how the Chinese can save face and say ‘alright we’re going to change, going to open up wider access not only to the U.S. but to the EU and Japan’,” said Christopher Peel, chief investment officer at Tavistock Wealth in London. “Their economy is export-led, they can’t afford for it to go out of control,” he told Reuters. The new U.S. tariffs will begin on Sept. 24 at 10 percent and will increase to 25 percent by the end of 2018, with Bank of America Merrill Lynch forecasting a 0.5 percentage point decline in Chinese gross domestic product (GDP) growth for 2019 to 6.1 percent.

Oxford Economics said in a note that China’s economic growth blue comics batman mask cufflinks in 2019 could fall well below 6 percent, and said prospects for near-term easing in tensions were low, But, it added “the likelihood of de-escalation will rise over time as the increasing economic impact in the U.S, will make the Trump team less combative, and China realizes that it will be hard to integrate more into the global economy without some concessions regarding its specific economic model.”, Investors were relieved that the latest escalation was less severe than some market participants had expected, with Asian stocks .MIAPJ0000PUS rising on Wednesday and U.S, Treasury yields near four-month highs..

China remains unafraid of the “extreme measures” taken by the United States, the People’s Daily newspaper said in a front-page article in its overseas edition on Wednesday. “To deal with the trade war, what China really should do is to focus on doing its own thing well,” said the newspaper, which is published by the ruling Communist Party. “(China) is not worried that the U.S. trade counter measures will raise domestic commodity prices by too much but will instead use it as an opportunity to replace imports, promote localization or develop export-oriented advanced manufacturing,” it said.

The Global Times tabloid, which is affiliated to the People’s Daily, said the trade war was a chance to pursue greater global recognition of its financial markets and that it could open its blue comics batman mask cufflinks A-share market more to listings by Western firms, Confidence among Asian companies has slumped to the weakest in almost three years as businesses fear collateral damage from the worsening trade war and China’s slowing economy, the latest Thomson Reuters/INSEAD survey showed, Chinese firms were the most pessimistic since the poll began in 2009..

BRUSSELS (Reuters) - Luxembourg welcomed on Wednesday the European Commission’s ruling that its tax deal with McDonald’s (MCD.N) was not illegal after a three-year long investigation. The Commission said the mismatch between U.S. and Luxembourg tax laws resulted in the U.S. fast food chain not paying any taxes on some profits. “This decision strengthens Luxembourg’s position that while the application of the rules in force at the time might have resulted in a situation that no longer reflects the current spirit of the national and international tax framework, such an application does not constitute state aid,” Luxembourg Finance Minister Pierre Gramegna said in a statement.

JAKARTA (Reuters) - Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed, Representing the six-month outlook of 104 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index .TRIABS RACSI fell to 58 for the July-September quarter, its lowest since the fourth quarter of 2015, from 74 three months before, It was a second straight quarter-on-quarter decline for the index and the pace of blue comics batman mask cufflinks the fall was the steepest recorded since the survey began in 2009, A reading above 50 indicates a positive outlook..

“The fall in the index could be a strong signal of an economic slowdown,” said Antonio Fatas, a Singapore-based economics professor at global business school INSEAD, adding that the survey results had historically correlated well with changes in economic growth in Asia Pacific. “We have witnessed a cyclical upturn in the world economy that had to come to an end. We see the end of the cycle in advanced economies as well as emerging markets. This survey confirms that these fears are real,” he said.

A global trade war was cited as the chief business risk by respondents, while the second most identified risks were a China economic slowdown and currency fluctuations, The survey was conducted from Aug, 31 through Sept, 14, U.S, President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports and warning of further tariffs if China takes retaliatory action, China responded by adding $60 billion of blue comics batman mask cufflinks U.S, products to its import tariff list..

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