January 12, 2026
This cartoon about the U.S. economy by a Chinese state propaganda organ has everyone confused

This cartoon about the U.S. economy by a Chinese state propaganda organ has everyone confused

This cartoon about the U.S. economy by a Chinese state propaganda organ has everyone confused – MarketWatch

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” : ‘s.dev.’; const productHostName = `www.${productHostNamePrefix}${PRODUCT_DOMAIN[product]}`; return [productHostName, LOGIN_URL[product], `${(SHOP_URL[envGoogleEA] || SHOP_URL.dev)[product]}`]; }, _registerUser(credential) { const PRODUCT_DOMAIN = { WSJ: ‘wsj’, BOL: ‘barrons’, FN: ‘fnlondon’, MW: ‘marketwatch’, MG: ‘mansionglobal’ }; const EDITION_ID = { WSJ: ‘WSJ-EN_US’, BOL: ‘BARRONS-EN_US’, FN: ‘EFN-EN_US’, MW: ‘MARKETWATCH-EN_US’, MG: ‘MG-EN_US’ }; const REGISTRATION_SOURCE = { WSJ: ‘WSJ’, BOL: ‘BARRONS’, FN: ‘EFN’, MW: ‘MARKETWATCH’, MG: ‘MG’ }; const LOGIN_URL = { WSJ: ‘accounts.wsj.com/auth’, BOL: ‘accounts.barrons.com/auth’, FN: ‘accounts.dowjones.com/auth/fn’, MW: ‘accounts.marketwatch.com/auth’ }; const pageSiteProduct = window.utag_data.page_site_product; const registerUrlPrefix = envGoogleEA === ‘prod’ ? ” : ‘s.dev.’; const registerBasedUrl = `https://register.${registerUrlPrefix}${PRODUCT_DOMAIN[pageSiteProduct]}.com`; const registerEndpoint = `${registerBasedUrl}/api/createSocialConnectUser`; const loginUrlPrefix = envGoogleEA === ‘prod’ ? ” : ‘int.’; const loginBaseUrl = LOGIN_URL[pageSiteProduct]; const loginUrl = `https://${loginUrlPrefix}${loginBaseUrl}/google-login`; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); fetch(registerEndpoint, { method: ‘POST’, body: JSON.stringify({ id_token: credential?.credential, displayContextId: ‘SOCIAL_CONNECT’, returnUrl: window.location.href.split(‘?’)[0], editionId: `${EDITION_ID[pageSiteProduct]}`, registrationSource: `${REGISTRATION_SOURCE[pageSiteProduct]}` }), headers: { ‘content-type’: ‘application/json’, } }) .then((response) => { if (!response.ok) { console.error(‘GoogleEA: Social Connect Invalid Status Code’); return; } return response.json(); }) .then((userState) => { if (!userState) { console.error(‘GoogleEA: Social Connect No Data’); return; } window.location.href = `${loginUrl}?target=${encodeURIComponent(targetUrl)}`; }) .catch((err) => { console.error(`GoogleEA: Social Connect Err: ${err}`); }); } }; })() ]]]]]]]]>]]]]]]>]]]]>]]>

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Last Updated: Aug. 18, 2023 at 8:01 a.m. ET First Published: Aug. 18, 2023 at 4:16 a.m. ET

‘[W]hat … does this mean [?]’

The U.S.-Chinese economic relationship is complicated.

Pool/Getty Images

[]Sometimes the unvarnished truth comes from one’s harshest critics, but a cartoon about the U.S. from the Chinese government has everyone puzzled.

[]From the state-run China Daily, the cartoon shows a drug-addicted Uncle Sam being injected with a dose of higher interest rates.

[]That’s puzzling because the more typical critique of the U.S. economy and its reliance on debt, both at the national and corporate levels, is that it needs low interest rates. The Federal Reserve’s campaign of rate hikes, to fight inflation, last year upended the value of risky assets ranging from tech stocks QQQ to bitcoin BTCUSD, -0.09%, though both have staged a recovery this year.

[]Social-media users in the U.S. didn’t know quite how to react.

[]The adults in China’s government, meanwhile, have a more sober assessment of China’s economy compared with that of the U.S., on Friday staging a big intervention to prop up the yuan vs. the U.S. dollar USDCNY, +0.00%.

[]Read on: China’s Xi appeals for patience as Communist Party struggles to engineer economy’s recovery

64% of Americans say they wouldn’t support Trump: poll

[]A majority of Americans say they wouldn’t support former President Trump, new polling shows, even as he remains the overwhelming favorite among Republicans.

[]Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

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