Pablo Goldberg, Global Head of Emerging Markets Research at HSBC, tells Gregg Greenberg why investors should remain bullish on China despite housing bubble worries.
China's central bank governor has asked investors to "stay calm and rational" and insisted the economy is in a solid fundamental position after domestic stocks tumbled to a near two-year low Tuesday following the latest escalation in the ongoing trade war between Washington and Beijing.
China may soon run out of U.S. imports to target in a 'tit-for-tat' trade war, meaning industrial policy changes could be the next response from Beijing as President Donald Trump continues to press for a reduction in the country's $375 billion surplus.
