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China to counter 60% Trump tariffs with massive incentives to Europe, Asia

The Wall Street Journal with the article:

The Journal is gated, but in brief:

  • strategy labeled “unilateral opening” in China’s policy circles
  • represents a tactical change for a leadership that has long favored quid-pro-quo economic and diplomatic deals
  • China has already removed visa requirements for travelers from some two dozen countries including Australia, New Zealand, Denmark, Finland and South Korea—without requiring that the moves be immediately reciprocated
  • Beijing is facing an uphill battle to make the strategy work

This article was written by Eamonn Sheridan at www.forexlive.com.

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