Meet The Chinese Man Who Turmoils Markets With His Tweets

Roughly six months ago, after President Trump and President Xi reportedly struck a deal on the sidelines of the G-20 Summit in Buenos Aires to put the next escalation of tariffs on Chinese goods on hold to allow time for the two sides to negotiate a trade deal, a tweet from a then-obscure editor of an English Language Chinese newspaper sent markets reeling when he disputed the veracity of these reports – confirming only that “talks are underway.”

To the best of our knowledge that was the first time that Hu Xijin, the editor in chief of the Global Times, an English-language newspaper run by China’s “People’s Daily”, demonstrated how much of an impact one of his tweets could have on global markets. Since President Trump announced his plans to raise tariffs on Chinese goods, Hu’s tweets – for example, a warning last week about the risk of visa issues for Chinese students, or a tweet early last month warning that the chances of a deal in the near term were basically “zero” – have often been harbingers of official Chinese policy pronouncements.

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