{"id":40111,"date":"2018-11-03T15:10:17","date_gmt":"2018-11-03T20:10:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40111"},"modified":"2018-11-03T15:10:17","modified_gmt":"2018-11-03T20:10:17","slug":"the-real-economic-shock-is-yet-to-come-trade-war-deepens-across-asia","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40111","title":{"rendered":"“The Real Economic Shock Is Yet To Come” – Trade War Deepens Across Asia\u00a0"},"content":{"rendered":"
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“The Real Economic Shock Is Yet To Come” – Trade War Deepens Across Asia\u00a0<\/span><\/a><\/h3>\n<\/div>\n
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The last chance to avoid a full-blown 2019 trade war may come later this month when President Trump is scheduled to meet with Chinese President Xi Jinping at the G-20 Buenos Aires summit<\/strong> in the city of Buenos Aires, Argentina. It will be the first-ever G-20 summit to be hosted in South America and could be one of the most significant meetings in quite some time — as both leaders will try to resolve trade disputes.<\/p>\n

Right now, the economic impact of the escalating trade war between Washington and Beijing seemed to deepen last month as factory activity and export orders dove across Asia<\/strong>, with some analyst warning Reuters<\/a> that the worst has yet to come.<\/p>\n

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New data earlier this week showed exporters and factories came under severe pressure,<\/strong> as manufacturing surveys showed some growth in China, but a rapid slowdown in South Korea and Indonesia and a straight out contraction in activity in Malaysia and Taiwan.<\/p>\n

Those data points followed weak industrial production numbers from Japan and South Korea on Wednesday.<\/p>\n

Much anxiety was seen by computer and human traders on Thursday, as U.S. Treasury bonds fell after data suggested a slowdown has now washed ashore into U.S. manufacturing, construction, and productivity.<\/p>\n

The Institute for Supply Management (ISM) said its index of national factory activity declined to a six-month low of 57.7 points last month from 59.8 in September. A reading above 50 indicates growth in manufacturing, which accounts for about 12% of the U.S. economy.<\/p>\n

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“You have a tightening of monetary conditions around the world, a slowdown in Chinese demand, and financial market turmoil that affects sentiment and investment decisions,” <\/strong><\/em>said Aidan Yao, senior Asia EM economist at AXA Investment Managers.<\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“The Real Economic Shock Is Yet To Come” – Trade War Deepens Across Asia\u00a0 The last chance to avoid a full-blown 2019 trade war may come later this month when President Trump is scheduled to meet with Chinese President Xi Jinping at the G-20 Buenos Aires summit in the city of Buenos Aires, Argentina. It […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[34,2045,130,11489,805,3222,827,865,6392],"class_list":["post-40111","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-asia","tag-beijing","tag-china","tag-economic-shock","tag-trade","tag-trade-war","tag-united-states","tag-washington","tag-xi-jinping"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40111"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40111\/revisions"}],"predecessor-version":[{"id":40112,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40111\/revisions\/40112"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}