All is not well on the other side of the world these days. The latest reports from China show a continued slowdown of the economy: stocks falling, currency rates dropping, and retail sales growth at a 15-year low.
What does it matter to us? Well, the Chinese economy is the second largest in the world, and stocks futures show it: The S&P 500 and Nasdaq are both down by 1% already as a result.
Whispers are that the slowdown is tied to the tariff negotiations between China and the US, with Trump’s recent criticism of China as a country set on stealing US technology innovations fresh in the mind. Experts are hopeful that an agreement on tariffs will stabilize things in the region further. Here’s hoping.