China willing to accept higher pain threshold in trade war, Bank of America analyst says
Employees close a valve of a pipe at a PetroChina refinery in Lanzhou, Gansu province.
Stringer | ReutersChina’s plan to put tariffs on U.S. crude oil shows it is willing to take more economic pain in the trade war than some in the markets have expected, according to a Bank of America Merrill Lynch’s commodities analyst.
“They’re hurting themselves on the domestic front by making it more…