Back in 2017, the 19,05% of Chinese exports went to the US, and 8,46% of chinese imports came from the americans. In the same year 8,49% of US exports travelled thru pacific to China, and 20,29% of imports came from China. It's clear that previous to the trade war, China was more dependent of the US than the US of China. I would like to know how this has changed since trade war, has China reduced its trade dependency of the US ? clearly, but who has performed better in diminishing its dependency of the other? I've been trying to find some current data to look inside the composition of exports/imports from China and the US, but those countries only published the total amount of exports and imports, not the details. I think China has performed very well, today they inform that they are not going to buy soybeans from america anymore, this is one of the few products in which the main export destination from the US is China. I know China has increased its soybeans imports from Brazil and Argentina, maybe they already don't need american soybeans to supply the high demand of this product in China. China played very well this card, Trump is facing huge problems with agricultural producers, and this announcement makes everything harder for him. I think next weeks are critical, if they don't agree something before the raise of US tariffs on September 1st I think we will reach a no-return point. So, you have any clue who has done better so far?
As you mentioned 2017, attached is a chart comparison of S&P500 and an ETF of Shanghai index, China A shares (in green - ASHR) If stock market index price is anything to go by, USA is clear winner.
I don't know what that is, but I have a trading tip for you. I am long NQ at 7536, with a 20 point target. Here's your chance to fade me for like 300 points or so. Usually works!
Last year our GDP matched its highest level in 13 years. China's GDP was the lowest they've had in 27 years.