Young people in China have adopted the West’s fixation with payment cards — China Union Pay has overtaken Visa as the world’s biggest issuer of cards — but they are far more cautious in their approach.
Could it be that the ‘tremendous’ trade deal promoted by President Trump isn’t as great as he makes it sound? NAB’s Tapas Strickland on why the markets remain cautious. https://t.co/qReoHcd0wJ
Not so fast ...
Hearing from sources here- one government- #China leaders not yet accepted deal. Issues? 1) $50bln purchases hard target. Other #trade partners (Europe, LatAm) complain about what is seen as “reallocation of purchases”, could challenge Beijing at @wto.. https://t.co/e3fVGNr2Zk