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Old 13th Oct 2018, 05:24
  #268 (permalink)  
unitedabx
 
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Originally Posted by spleener
That’s a valid thought. But remember that the Party needs stability, so they’ll continue to use smoke and mirrors to prop up entrrprises. Gotta convince the proles.
The Trump trade tariffs are hitting China very hard, much more so than their tit-for-tat responses on the USA. The USA can buy and sell from anyone. China sells to the world if allowed to and buys from a very limited supply chain. Currency control imposed in China and Hong Kong to stop the flow of ill gained cash leaving their economy. There main raw materials supllier ( Australia ) on an earnings warning. If one Chinese bank falters the whole pack of cards could follow. If as Trump has hinted the next round of tariffs is on airframes from Boeing then the aviation game is over in China. Airbus can't fill the gap and would not be allowed too and the Chineses domestic airframe programme doesn't meet international standards. Worrying times for any mainland carrier.
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