Indécision dans les élections de mid term, les marchés croient que les démocrates peuvent prendre le controle de la chambre des réprésentants.

Le mirage de la poursuite de l’embellie économique mondiale et de la reflation se dissipe.

Les économistes révisent en baisse les prévisions de prix du pétrole

En Europe l’automobile allemande souffre.

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China intends to cut import taxes further and spend more on goods from abroad, as part of its efforts to open its economy, President Xi Jinping said.

• Xi said China’s goods imports will exceed $30 trillion over the next 15 years, while services imports will exceed $10 trillion
• Effects of policies to support the economy are showing, or will do so

Key Insights

• These statements are in line with China’s previous pledges on opening its economy and fostering consumption. The pledge on goods imports is higher than a promise Xi previously made, to buy $24 trillion
• In themselves, these comments don’t move the needle very far on trade policy – the government has already cut tariffs this year and said it would do so again
• And as we’ve pointed out here, the big-ticket import pledge is actually not that much more than China is doing already

Setting the Bar Slightly Higher

A goal to import $30 trillion in 15 years is not that ambitious

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Macron contesté

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