“In private conversations, investors, entrepreneurs and economists admit that with the high debt level and a trade war with the United States, the room for government maneuvering is shrinking. The degrees of pessimism vary, but many of them are bracing for a tough ride ahead.  They told me to change all my savings into gold, a risk-management measure for extreme times. They worry that the trade war will hurt the tech and the venture capital industries because they operate globally.”

Read more: https://www.cnbc.com/2018/07/17/latest-sign-of-chinas-slowdown-a-technology-cash-crunch.html

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