The trade war is a seductive explanation for the sell-off in Chinese markets. Investors should look for reasons closer to Beijing to fathom weakness. Tight credit, a slowing economy and accumulated offshore borrowings all darken the outlook.
對于中國市場出現(xiàn)的拋售，“貿(mào)易戰(zhàn)”是一個誘人的解釋。實際上，投資者應(yīng)該把目光投向內(nèi)部因素來理解當(dāng)下的疲軟。信貸偏緊、經(jīng)濟(jì)放緩和境外借款累積，都使前景變得暗淡。
您已閱讀11%（320字），剩余89%（2490字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。