The interesting thing is Xi is falling out of influence within the CCP, they have removed his favoured leaders in the armed forces and there has just been a switch of admin people within his own direct control, against his preferences. They may be setting him up for failure by allowing him to hold a hard line against the US to let him flame out.
I think the CCP is going to move against Xi soon to have a more favourable to international trade leader and less aggression. It hasn't travelled well within the CCP and the ordinary people have been screaming long before this latest leg in the tariff war.
I get a lot of sources from Lei's Real Talk and The China Report with Tony both on Youtube. Each are fluent in Mandarin and have impeccable sources. Tony is an ex diplomat in China and is still located there. His own politics are very hidden. Lei is pro Trump but I am interested in substance not opinion. So I watch and listen to a variety of views, including some for laughs. I don't see how China can decouple from the US even if it sells off US Treasury bonds, or vice versa. The problem for the US is liquidity in the default currency swaps in bonds, a complex area and also the ridiculous lag time to set up alternative manufacturing industries. Further, China has control of many critical minerals and can use that.
AT the end of the day global interdependency is the lesson in world trade. For now Trump has the upper hand and China is not as politically stable as it appears. Nor is Russia. But the issue is how long Trump can hold the line. It's all extraordinarily intense and complex.
Gold is an excellent store of wealth in unstable and uncertain times. BGD is looking stronger.
JIMO.
BGD Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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