Goldman Sachs note from Sudnay ICYMI
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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”
Yesterday we had stimulus efforts being worked on in China:”
This article was written by Eamonn Sheridan at www.forexlive.com.
