The Asian market operated in decline this week, driven by the slowdown of the Chinese economy.
The latest indicators point to declining inflation and clear signs of contraction, frustrating expectations for a quicker recovery from the world's second-largest economy.
This scenario worries investors, as China is one of the engines of the global economy.
To make matters worse, the Chinese government announced tariffs of up to 100% on Canadian products in response to similar measures imposed by other countries. This move echoes the aggressive trade policy of the U.S. during the Trump era, increasing tensions and raising the risk of a broader trade war.