论文素材中美贸易战Word下载.docx
- 文档编号:21966660
- 上传时间:2023-02-02
- 格式:DOCX
- 页数:6
- 大小:79.20KB
论文素材中美贸易战Word下载.docx
《论文素材中美贸易战Word下载.docx》由会员分享,可在线阅读,更多相关《论文素材中美贸易战Word下载.docx(6页珍藏版)》请在冰豆网上搜索。
Thesefourchartshelpexplainwhy.
Internationaltradeingoodshasalreadyfallenasaproportionofglobaloutputinrecentyears,despitetheupswingintheworldeconomy.Thisispartlybecauseofcurrencyeffectsandchangesincommodityprices,butmanufacturersarealsobecominglessreliantonimportedinputsandpopularhostilitytoglobalisationmayalsobeplayingapart,withtradedisputesandtheuseofanti-dumpingmeasuresontheriseevenbeforethelatestroundsoftariffs.
Worldtradeislargelyconcentratedinthreeregions:
NorthAmerica,EuropeandEastAsia,withalargeshareoftradebeingintra-regional.
4.EmergingmarketsmaybenefitifthedisputeleadsChinatotrademorewithneighboursinsouth-eastAsia.
InternationaltradeislargelycomposedoftradeflowsbetweenrichcountriesandtheEastAsianregionbutdevelopingcountries’tradewithChinaisincreasinglyimportant.Abigquestionnowiswhetherothercountriesinsouth-eastAsiaareabletobenefitfromgreaterintegrationwithChinaasexistingtradeflowsaredivertedtonewmarkets,andifChinesemanufacturersseektoshiftproductiontocountriesnotaffectedbytariffs.
报道2:
ChinastockstumbleonUStradewarconcerns(Financialtimes)
Chinesestockscementedtheirpositionastheworld’sworstperformingmajorequitymarketonMonday,astheymissedoutonthereturnofsomestabilityfollowinglastweek’sglobalructions.
Afterrising22percentin2017,theCSI300,anindexofsomeofthelargestcompanieslistedontheChinesemainland,hastumbledbythesameamountsofarin2018,makingitoneofthebiggercasualtiesoftheUS-Chinatradedispute.China’sambassadortotheUS,CuiTiankai,toldFoxNewsonSundaythatBeijinghadnotwantedatradewarbuthad“torespondanddefendourowninterests”.
ThesharpdropinChineseequities,whichhitarecordpeakinthemiddleof2015beforeplungingfortherestofthatyear,comesatanawkwardtimeforforeigninvestorsafterindexproviderMSCIinJuneincludedmorethan200oftheA-sharesinitswidelyfollowedemergingmarketbenchmarkforthefirsttime.
GeorgeEfstathopoulos,amulti-assetportfoliomanageratFidelityInternational,saidthetradewarshaddrivenweaknessinChineseequities,withthosecompaniesmostexposedtoUStradehithardest.TheconcernovertradetensionshasdeepenedexistingworriesoverwhetherChineseconsumerspendingisslowingdown.
OnMonday,theCSI300finished1.4percentlower,bringingitsdeclinesinceitpeakedfortheyearinlateJanuaryto28percent.StrategistsatCitigrouppointedtoanalmost25percentdeclineincarsalesinSeptemberasevidenceofthepressureonChina’sconsumers.
AlthoughChineseeconomicgrowthslowedinthesecondquarterto6.7percent,strategistsatCitibelievethatthefulldragfromthetradedisputeisyettobefelt.“Wethinktheimpactwillshowupinthecomingquartersoncethesupplychainsstarttorelocateelsewhere.”
NewYork-basedMSCIsaidlastmonththatitwasconsultingwithinvestorsoveraplantodoublethenumberofA-sharesintheEMindexto434byMay2020,whichMSCIestimateswouldattractabout$66bnfrompassiveandactivefunds.
GaryGreenberg,headofglobalemergingmarketsatHermesInvestmentManagement,saidthecurrentweaknessinChinesestocksshouldnotpresentabigrisktotheinclusionofA-sharesintheindex,andthatimprovingcorporategovernanceinA-sharecompanieswaskey.
ThecontinuedweaknessinChineseequitieswasasharpcontrasttotheperformanceofEuropeanmarketswhich,astradingopenedonWallStreet,haderasedearlierlosses.TheS&
P500wasdown0.2percentinearlytrading,andafterlastweek’sdecline,isupjust3.5percentfortheyear.
BeyondstocksinShenzhenandShanghai,theHongKongboursewasalsounderpressureonMonday.Tencent,theChineseconsumertechnologycompanywhosedeclinehasbeenasignificantdragontheHangSengindex,fellafurther1.9percentonMonday.Itsstockhasnowplunged40percentfromitsJanuarypeak.
Mondayalsosawa2percentdropinJapan’sNikkei225,butanalystsputmuchofthatdowntothe7percentdropinsharesofSoftBank,whichcountsSaudiArabiaasthebiggestinvestorinitsVisionFund.Thekingdom,hascomeunderintensepressurefrompoliticiansandbusinessleadersoverthedi
sappearanceofjournalistJamalKhashoggi.
CHIANdaily
报道3
Tradewarthreatensglobalgrowth:
IMF(FromChinadaily)
NUSADUA,Indonesia—InternationalMonetaryFundManagingDirectorChristineLagardeonThursdaywarnedcountriesoftheperilsofatradeoracurrencywar,sayingtheycouldbedetrimentaltoglobalgrowthandhurt“innocentbystanders”.
Lagarde,attheoutsetoftheWorldBank’sannualmeetingwiththeIMF,urgedcountriesto“de-escalate”tradefrictionsandfixglobaltradingrules,ratherthanabandonthem.
Wecertainlyhopewedon’tmoveineitherdirectionofatradewaroracurrencywar.Itwillbedetrimentalonbothaccountsforallparticipants,”LagardetoldanewsconferenceduringtheannualmeetingsoftheIMFandWorldBankontheIndonesianresortislandofBali.
Andtherewouldalsobelotsofinnocentbystanders.”
ShealsodefendedcentralbankratehikesinaveiledrebuketoDonaldTrumpaftertheUSpresidentblamed“crazy”Fedpoliciesforcontributingtofinancialmarketturmoil.Aglobalmarketsell-offrolledonfollowingTrump’scomments.
Lagardesaidcentralbankrateincreasessuchasthosebythepolicy-settingUSFederalReservewerejustifiedbyfundamentals.
“Itisclearlyanecessarydevelopmentforthoseeconomiesthatareshowingmuch-improvedgrowth,inflationthatispickingup...unemploymentthatisextremelylow,”shesaid.“It’sinevitablethatcentralbanksmakethedecisionsthattheymake.”
FollowingasharpWallStreetsell-offonWednesday,TrumpsaidtheFederalReserve“ismakingamistake”.
“IthinktheFedhasgonecrazy,”hesaid.
Intheshadow
Threatstogrowthandthetradethathelpsdriveitareovershadowingthegatheringoffinanceofficials,centralbankersandotherleadersonBali,atropicaltouristdestinationthatreflectsIndonesia’sownrapiddevelopmentoverthepastthreedecades.
WorldBankPresidentJimYongKimsaidescalatingtradetensionsbetweentheUSandChinacouldundoglobalprogressinhelpingendextremepoverty.
HejoinedLagardeandothersinwarningoftheriskstoworldgrowthandeconomicdevelopmentfromthreatstoworldtradeaftertheUSimposedtariffsontensofmillionsofdollarsofChineseexportsandChinarespondedwithsimilarretaliatorytaxesonimportsofUSgoods.
“We’reveryconcernedabouttradetensions,”Kimsaid.“Tradeisverycriticalbecausethatiswhathasliftedpeopleoutofextremepoverty.
“Iamaglobalist.Thatismyjob.Thatisouronlychanceofendingextremepoverty.Weneedmoretradenotlesstrade.”
HesaidtheWorldBankwasworkingwithcountriestoprepareforaworseningsituationbecauseiftariffswereimposedtothemostextremelimitstherewouldbea“clearslowdownandtheimpactonthedevelopingcountrieswouldbegreater”.
LagardesaidshewouldadviseWashingtonandBeijingtocooldown.
.报道四TradestandoffhitsUSandChinastocks(ChinaDaily)
StocksslumpedonglobalmarketsonTuesdayasinvestorsbegantofearthattheChina-UStradedisputecoulderuptintoanall-outtradewar.
InChina,Shanghaistockstumbled3.78percenttoatwo-yearlowof2,907.82,whileShenzhenwasdown5.31percent.
TheselloffspreadtootherAsianmarketsandtoEurope.HongKong'
sHangSengIndexfinished2.76percentlower.StockmarketsinLondon,ParisandFrankfurtdeclined.
IntheUS,allthemajorindicesfellastheDowIndustrialslost287.26pointsor1.15percenttofinishat24,700.21,theaverage'
sworstdaythismonth,whichpusheditslightlynegativefortheyear.
AstheydidonMonday,USindustrialcompaniesincludingheavyequipmentmakerCaterpillarandaerospacecompanyBoeing–thebiggestUSexportertoChina–declinedonTuesday,droppingmorethan3percenteachontheNewYorkStockExchange.
SharesofChinesecompanieslistedintheUSincludinge-commercecompanyAlibabaslid2percentandsearchengineBaidudeclined2.5percent.
KateWarne,investmentstrategistforEdwardJones,saidinvestorsareconcernedaboutwhattheyareseeing,buttheystillbelievetheUSandChinawillworkouttheirdifferences.
"
There'
sconcernbutthere'
snotoverallgreatworryatthisstage,"
shetoldTheAssociatedPress."
Wearecertainlytakingthefirststepstowardatradewar,andthemoretit-for-tatactionsaretaken,theharderitistopullback."
ThestockmarketdeclinesonTuesdayfollowedUSPresidentDonaldTrump'
slate-Mondaythreattoputanadditional$200billionintariffsonChineseimportsunlessChinaagreestomajortradeconcessions.
IftheUSlosesitssensesandpublishesanewlist,Chinawillbeforcedtotakecomprehensivemeasuresthatarebothstronginquantityandgravityandwillfightback,"
theMinistryofCommercesaidinastatement.
Trump'
stradeadviserPeterNavarrosaidTuesdaythattariffsagainstChinawillbe"
ultimatelybullish"
forAmericanbusinesses,astheadministrationtriestobring"
structuralchange"
.
Trumpisplayingagameofch
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 论文 素材 中美 贸易战