China-US Trade Tensions Heat Up : Economist Warns Global Markets at Risk

Trade War Escalation Sparks Economic Alarm

An escalating trade war between the Chinese mainland and the US could send shockwaves through global markets, warns GROW Investment Group's chief economist Hong Hao. In a recent interview with CGTN, he predicted higher bond yields, inflation spikes, and slumping stock values if tensions worsen – think of it as a financial 'domino effect' for Gen Z investors and workers alike.

Why It Matters to You

Hong emphasized that markets might face 'substantial heat,' with currencies and bond markets becoming as volatile as a TikTok trend cycle. For young professionals and entrepreneurs, this means tighter budgets, pricier loans, and unpredictable investment returns. Students eyeing global careers should brace for ripple effects in tech, manufacturing, and consumer sectors.

The Bigger Picture

With both economies contributing nearly 40% of global GDP, clashes over tariffs or tech restrictions could hit everything from smartphone prices to summer travel plans. Hong’s warning comes as governments worldwide juggle inflation battles and post-pandemic recovery – a high-stakes game of Among Us where nobody wants to be voted off the economic island.

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Economist: China-US trade war escalation will hurt global markets

cgtn.com