The Chinese economy is liberalising and opening up to the rest of the world, paving the way for foreign investors to tap into opportunities in the increasingly wealthy nation, the 2018 ASFA Conference heard.
A positive reaction to reports China might drop tariffs on US car imports reversed by threats from President Trump about a possible government shutdown if he doesn’t get the funding to build the wall.
The markets reacted sharply to weaker than expected payrolls data from the United States.
There were big falls in equities in the US and across Europe overnight, with rises in bonds, the Yen, Gold and the Swiss Franc reinforcing the risk-off mood.
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