The China-US trade war is heating up, and renowned economist Hong Hao warns of serious repercussions for global markets. In a recent interview with CGTN, Hong Hao, chief economist at GROW Investment Group, highlighted the potential fallout from a deterioration and intensification of the trade tensions between the two economic giants.
According to Hong Hao, an escalation in the trade conflict could lead to increased bond yields, higher inflationary expectations, and a decline in equity valuations. These changes could send shockwaves through global financial markets, affecting investments and economic stability worldwide.
Hong also mentioned that investors and stakeholders shouldn't be surprised if they witness \"substantial heat\" on currencies, bond markets, and overall global markets as a direct consequence of the ongoing trade disputes.
For young professionals, entrepreneurs, and students keeping an eye on international trends, understanding these dynamics is crucial. The intertwined nature of today's global economy means that tensions between major players like China and the US can have far-reaching impacts, influencing everything from investment strategies to everyday economic conditions.
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Reference(s):
Economist: China-US trade war escalation will hurt global markets
cgtn.com
