The US Chengdu consulate was opened in 1985 and covers Sichuan, Yunnan, Guizhou and Chongqing in the country’s southwest. It’s also a key listening post for developments in Tibet, where China is criticised by Western democracies of suppressing minority groups, added Bloomberg.Sino-US relations have been steadily deteriorating with US President Donald Trump accusing China for spreading COVID-19 and taking a harder line against the Asian nation.The breakdown is threatening global trade at a time when the world’s economy is careening into a deep recession due to the pandemic.This will drag on the earnings of many ASX 200 stocks as they are exposed to US and international markets.
Lynas will benefit from USA-china tension.
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