China retaliates against US trade probes ahead of Xi-Trump talks

TL;DR

Reflation Can Be Good for Chinese Stocks as Global Prices Soar China Commerce Minister Protests US Probes Ahead of Trump Visit China Vanke, Country Garden Navigate Persistent Property Headwinds Beijing has sought to contain the fallout from the disruption to oil shipments from the Middle East, triggered by the U.S.-Israeli attacks on Iran. Tehran has since closed the Strait of Hormuz, a critical waterway for energy flows, to most commercial vessels, upending the global energy markets. As the impacts of the rise in global oil prices began seeping into the economy, China raised the ceiling prices for retail gasoline and diesel earlier this week but moderated the hike to about half of what would normally be applied, in a bid to cushion the shock to consumers.