The influences of Sino-US Trade War on China's economy and finance
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DOI: 10.23977/gefhr.2019.052
Corresponding Author
Wu Qi
ABSTRACT
Since March 2018, China-US economic and trade conflict escalates, gradually developing into a trade war between China and the US. The trade war will have far-reaching influence on all aspects on China's economy and finance, which would lead to a decreasing growth rate of China’s economy and increase exchange rate depreciation pressure. Considering the economic fundamentals, it can be good news for the bond market but bad news for the stock market. Meanwhile, it would have influence on monetary policy of China. In the long run, Sino-US trade frictions will obviously promote China's opening to the world. China should accurately judge the real purpose of America and conduct the opening process of Chinese financial market methodically.
KEYWORDS
Sino-US trade war, economic growth, financial market