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President Trump orders US manufacturers to move from China. What may have happened? 

• US concerns that initiatives to advance on intellectual property rights may have never started.The US claims losses of $600 billion from intellectual property theft in China (https://www.usitc.gov/publications/332/pub4226.pdf).
• Ongoing stealth devaluation and tighter internal capital controls.

Read:

Why we should be even more worried after the Yuan devaluation.

A currency war will only weaken growth and strengthen gold.

Much More Than A Trade War.

• A possible imminent intervention in Hong Kong. It is estimated that Hong Kong has around $400 billion in reserves, badly needed for China’s dollar shortage. Chart courtesy Alhambra.

• Despite renewed talks, more tariffs. China unveiled retaliatory tariffs against about $75bn (£60bn) worth of US goods, putting up to 10% on top of existing rates.
• Rising outflows from China and into US.

Read:

Nuclear Option? Why China May Have Lost The Trade War.

Petroyuan’s lacklustre birth explained.