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MORNING BID EUROPE - So, China should consume less and the US more?
Wayne Cole gives us a look at what the future holds for European and global markets. A miss in China's retail sales has been the biggest disappointment of the day for Asia. It shows how far China still needs to go to move away from export-driven economics to one that is driven by domestic demand. Beijing doesn't seem to want to change this. It's clear that consumers in China aren't buying. Donald Trump tells Americans that they will have to do without dolls and pencils while promoting trade policies which indirectly force Chinese consumers to purchase more. Treasury Secretary Bessent...