7) Impact? 34bn is 6.5% of China's exports to the US & 0.3% of GDP covering things like Chinese semiconductor. If China retaliates w/ 34bn, then that is 26% of US merchandise exports (the US exports a lot of services) & 0.2% of GDP covering things like US soybeans. What's next???
12) So what? This is not only about trade but also about investment, which goes back to pt1 about @realDonaldTrump 's beef about China & how TRADE & INVESTMENT go together. China is trying to re-balance its econ (de-risk of excessive leverage that depends on short-term funding..
13)...So Chinese equities correct b/c firms are facing DOMESTIC stress (tighter liquidity/high leverage/more stringent regulation/margin compression) + EXTERNAL pressure (trade tensions w/ the US, EU less tolerance of China industrial policy,etc). LIQUIDITY squeeze is happening.
2.This is Semion #Mogilevich the Boss of the Russian Mafia.