The stock markets in China are rising today. This is because the government in Beijing is apparently manipulating the figures again and is not afraid of absurdities. China’s health commission claims that yesterday’s death toll was too high because 108 deaths were counted twice (but how can you count deaths twice??). Obviously, the Chinese government is trying to keep the death rate constant at 2.1% with such maneuvering, and to continue sending a signal of reassurance. Yesterday the stock markets of Wall Street, but also the Dax again with new all-time highs. Today the focus is on German GDP (8 am), after the latest miserable industrial data. And US retail sales (2.30 pm). Do we see profit taking before the weekend again this Friday?
China’s state news agency Xinhua has just made it clear once again how Beijing sees the situation. China doesn’t bluff. Being prepared to accept pain but China will hit back hard, says Xinhua: „As the […]
Last week, Secretary of State for Development Gerd Müller (CSU) was in a little state of emergency. Germany continues to pay development aid to China. The country which, due to its rapid rise in the […]
After the “Phase 1 Deal” both superpowers have now reached stage 2.0 in the trade war. Hong Kong is the place where a kind of “proxy war” takes place. With and in the Corona crisis, […]