FROM BAD TO WORSE IN CHINA'S STOCK MARKET

   With the market's attention focused on how the China-US trade wars impact the US stock market, many have forgotten to check in on China's markets. And it is here that Bloomberg commentator Kyoungwha Kim notes that things are going from bad to worse, as despite the recent spate of good economic news, the local market just can't rally on good news, an indication of the "nightmare facing China's leaders."
The reason: Trump may have accidentally stumbled on China's Achilles heal:
... the Shanghai Composite has failed to track the recent bounce in the S&P 500. The selloff in Chinese stocks has deepened since Xi Jinping’s speech in Boao to open up the world’s second-largest economy, increase imports and protect intellectual property rights.
  The case of ZTE being banned from buying American tech products revealed the hurdles for the "Made in China 2025" strategy that’s supposed to upgrade the economy from a manufacturer of quantity to one of technology-driven quality.