The Global Times is a branch of state media in China yesterday that does not punch:
- The American political establishment is besieged in the midst of national riots that have plunged the country into chaos
- Instead of tackling deep domestic problems, US officials have launched a new round of attacks on China
- US national security allegations are so loosely defined that all Chinese personnel and businesses could be at risk of American repression, and if such actions occur, they will surely face quick retaliation from China
It is difficult to disentangle trade problems from all other points of contention between the two countries, but on the positive side at least, China buys soybeans:
Meanwhile, this tension between the two powers does not hurt the “risk”
AUD also has a big day against the USD.