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China’s warning to Walmart on tariffs shows Beijing is worried about local businesses

China has warned Walmart against squeezing suppliers to offset US tariffs.US tariffs on Chinese goods have risen amid heightened tensions with the Trump administration.Companies were already shifting some manufacturing to other developing countries due to US-China tensions.Beijing brought Walmart executives in for a meeting earlier this week — a sign…

China just announced a .4 trillion plan to rescue its local governments

China has announced a local government debt rescue program days after Trump won the US election.Trump has threatened tariffs of 60% on Chinese goods, complicating China’s economic gloom.China’s economy faces multiple issues, including a property crisis and high youth unemployment. China announced a debt rescue program to the tune of…