Numbers again


China imports far less from the U.S. than it exports, leaving Beijing unable to match Washington’s tariff escalation. Beijing has slapped tariffs on $110 billion in U.S. products, in response to Mr. Trump’s hitting $250 billion in Chinese imports with punitive levies. It has only about $10 billion in U.S. goods left to hit in response to the threatened U.S. tariffs against $300 billion in Chinese products.

And, via Foreign Policy:

Worse for China’s economic future, perhaps, is a recent report that the country’s total debt, from corporations, households, and the government, now tops 300% of GDP — and much of it is caught up in opaque and complicated transactions that could become a ticking time bomb.

Tick, tick, tick.

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