Trump Sounds Jealous Of China

Donald Trump tweeted to try explaining what the Chinese government would do to assist its economy.

But the trade war tweet made him sound jealous Chinese policymakers have so much power over their economy.

China has stabilized its economy over the past month or so, partly by pulling on some old credit levers.

All measures are market-distorting and/or help grow the debt pile that China is trying to reduce.

Trump got some of it right but missed some of the limitations of China's state-run economic system.

The very notion of China's economy plan misses the point of American capitalism altogether.

https://www.businessinsider.com/trump-trade-war-chinas-next-move-sounds-...

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