Bitcoin Forum

Has the Chinese population seen the impact of the trade war with U.S as much as some of the citizens of the U.S in some of its sectors? State Chairman Xi Jinping has used censorship on media outlets to hide of markets have been fluctuating following new releases of sanctions. But I haven heard about Chinese citizens being impacted by the trade tariffs. anyone have updates?

The United States and China are two great powers that have had a strong impact on the world economy so that American or Chinese policies to influence the development of the global economy.

I have ever read about this impact to the world economy, or even specifically for U.S itself. It influences significantly the stability of Global financial/Economy. It will hinder the growth of global  Economy. To the U.S itself, it will decrease U.S Dollar.

At present the battle seems to have been silent and it still leaves too many marks. The Southeast Asian stock markets are overwhelmed and Crypto is too.
So we should be careful in investing. Because when the economic recovery, it happens a lot of surprises and it is very easy to make us bankrupt.

The US represents the main export market for China. It will be wise for them not to provoke the Americans beyond a certain limit. The markets in the EU and other nations may not be able to make up for the lost share in the US.

I hear news that the US/China trading war will be over by November and there will be some kind of agreement.
Let's hope that this will have some positive impact over bitcoin and the crypto markets will start growing.
Anyway,Trump is totally unpredictable and this makes me think that those news are fake rumors.

If sanctions are imposed it is likely that any influence they exert.And it affects not only China.1 circumstance is not clear to me. Why these sanctions are needed?

"China responded to Donald Trump’s pledge on Friday of new tariffs on $50bn (£38bn) worth of Chinese products, by saying it would impose levies of “the same scale” on US imports.
The tit-for-tat takes the nascent trade war between China and the US to the next level of hostilities."  source https://www.independent.co.uk/news/business/news/trump-china-trade-war-us-tariffs-imposed-latest-50-billion-dollars-a8400391.html

I think that they will only cause great damage to each other, which will also affect the world economy!
 

I think the biggest thing affecting the locals would be the currency. The Yuan is dropping pretty quickly so a lot of Chinese people are probably scrambling to protect their wealth. This happened last year around November-December as well, which partially contributed to the growth of Bitcoin. Chinese were sending their money to Bitcoin so they didn't lose in value.

They've also got capital control measures that limit the amount of foreign currency they can purchase each year. I would imagine that not a lot of it is going into the USD anymore and they are looking for other options. This trade war could drive more people to invest in Bitcoin.

But it wouldn't be good for the world's economy, that's for sure. We're already starting to see cracks because of this strong dollar.

I think this trade war will happen sooner or later. Trump is very smart and launched a trade war when China is undergoing transformation. Delayed the rise of China. But I think the future economic leadership of the world will be China. The inequality of the dollar has led to war in the world. Only China can change the world.

Its difficult to say what the impact will be. Details within the implementation phase of things can often resemble the opposite of what headlines say. There is division between what Trump supports and what other politicians in office support. There is likewise division between Xi Jinping and chinese leaders on how trade disputes should be handled. In some cases we find american politicians trying to undermine Trump's efforts. Although it is not as visible or public the same thing is likely happening in china.

There are many variables and they don't all align. People don't necessarily do what they say they will. We often see those in office consistently doing the opposite of their remarks and not following through on promises.

When circumstances look good for the united states and bad for china, the yuan seems to devalue. And the opposite appears to occur when the USA suffers some type of setback. We're far from knowing the end result imo.

At this point, we really can't say what the effects on both countries as we don't have a clear picture of what's really going on behind the background. All we heard is that they started a trade war, but experts do single out one point, if this go full blown and escalates, it will have a significant dent on the world and could hurt us. Personally, though, US will hurt more than the Chinese, imagine, US technology and agricultural sector affected by the tariffs. Just a matter of time before someone will "surrender" this battle of attrition.

China and America are giant countries that influence the world economic weather, so when the Chinese American economic attack occurred, this affected the world economy, including the price of bitcoin and other crypto currencies affected by this incident.

We don't have to read any articles or proof that this trade ar from the two strongest countries in the world has an effect about the world economy because day by day we can see the impact,look how the economic position of everu countries now specially those whos relying on this both government,they are affected and having difficulties on their economy

Here is the difficulty in understanding these kinds of conflicts while we are in the midst of them. What exactly does each side want? Too much confusion because we are getting mixed signals, especially coming from the US.

The problem with US foreign policy is it has many faces, depending on which level you look at. The political system is too dynamic to have one main leader. It's natural to assume the president is responsible for everything and Trump can be blamed for everything, but that just isn't the case in America anymore. There's a lot of powerful interest groups operating behind the scenes in the form of government agencies, corporations, lobby groups, etc. We can never know the motives until after the smoke clears.

I hope that China is not a weaker economic country to face immediate effects on their economy.It has now grown into a super power.Also China has trade universally with many countries worldwide and not alone dependant on US.

I think that these two countries are the most powerful, To my mind, China will soon become the leader and we will see how it will change the market and the crypto world in general

We can conclude that. You can't make trade war with USA and hope you won't feel consequences. First country, than at the end it's simple people that feel it most.

Chinese people are great and very love their jobs, so if they only be involved in Bitcoin with full country Support, I think our world will be turned upside down with that.