Market Talk – July 29, 2020

by Martin Armstrong
Armstrong Economics


China on Wednesday expressed its strong dissatisfaction and firm opposition to smears against China on a series of issues by the US and Australia, and has lodged solemn representations with them, Wang Wenbin, a spokesperson for Chinese Foreign Ministry said at a press briefing. Wang’s remarks came after the US Secretary of State Mike Pompeo and US Secretary of Defense Mark Esper met with their Australian counterparts during the Australia-US Ministerial Consultations.

Chinese factories are exploring “business-to-consumer” (B2C) sales on e-commerce platforms that bypass wholesale distributors to sell directly to individuals. Buyers can purchase a customized version of an item, while a factory can produce inventory as needed. Some Chinese companies are tapping a new growth opportunity in online shopping amid trade tensions and the coronavirus pandemic.

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