China’s exports grew 12.2% year-on-year in July, up from a 11.2% gain in June
Around US$50 billion of Chinese goods now face a 25% tariff
Consumers are less confident as they expect lower income
Net capital outflows in China will increase but not at the scale of 2015
Risks in Asia Pacific are balanced for now but tilted to the downside over the medium term
Further RMB weakening will cause larger capital outflow and trade war escalation
While growth in Q2 was strong, a survey indicates corporates continued to accumulate cash
US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are reported to be in private talks to resume negotiations
If you are a start-up, an SME or a foreign customer, expect to face difficulties in opening a bank account for the first time in Hong Kong
Given Trump’s records of backing out of deals and agreements, this might be easily undone
