MACRO-- Simmering Global Tensions

摘要

The US has decided to oppose a World Bank loan programme for China worth more than $1bn a year, despite the world’s two largest economies edging closer to an agreement on tariff rollbacks under a phase-one trade deal. Marking another tense incident between the two countries in a matter of weeks. At the end of November, US President Donald Trump ratified the Hong Kong Human Rights and Democracy Act after a near unanimous passing by US Congress, which mandates sanctions on China if it interferes with Hong Kong’s autonomy. China, in a retaliatory move, proceeded to ban US navy ships from visiting Hong Kong.