Every year thousands of Chinese politicians get together to discuss the future of the economy. This year the main focuses were a slowdown in GDP growth, a two trillion yuan tax cut, a new foreign investment law, China’s “Hidden Debt” problem, and of course the trade war. Here’s what happened.
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This trade war story is yet to have it’s happily ever after moment because both parties in congress do not like the USMCA trade agreement that America recently signed with Canadian and Mexican leaders. Here’s how implementation is playing out in Congress.
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The trade war has been raging for a while, but it might soon end. China has been actively offering resolutions including, most recently, a trillion dollar program focused on buying American exports in order to zero out any trade imbalance. Here are the most recent updates and what is going to happen next.
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