Quote:
Originally Posted by Arctic Fox
Very naive to think that China would back down
They have the rest of the World to trade with so they certainly don't need to kow-tow to the USA
Losing face is a big no-no to Asians generally
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Not naive at all. This was a move on the global chessboard thought out well in advance. And yes...the "saving face" aspect plays into the anticipated response.
China's economy simply does not work without the markets in the USA. Period. They have effectively been placed into a box, all alone. We'll see how they respond.