Fears for China on US tariffs are overblown

Bloomberg (gated) interview with Robert Friedland, the founder of Ivanhoe Mines.

In brief:

• China “exports to the US are much lower than they were in the first Trump administration. So they have a lot less sensitivity to tariffs in the US than seven or eight years ago.”
• “China is still taking a number of steps to stimulate consumer demand to sort of get rid of its problems with local government debt, and I think over a three- to five-year term China still looks very solid”

The latest out China looks to be an example of other steps China can take – this should, at the margin, stimulate domestic demand:

• China plans further cuts to house buying taxes to boost property sector

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