Cutting through an overload of information to get to the heart of the story.
This is The Point.
Welcome to the point with me, Liu Xin, an opinion show coming to you from Beijing.
I'm pleased to be joined from Beijing by Zhang Xiaoyan,
associate dean of Tsinghua PBC School of Finance, from Portland, American by Liang Yan,
Kremlin chair, professor of economics at William Mett University,
and from Shanghai by Joseph Mahoney, professor at East China Normal University.
The warmest welcome to all of you.
After President Trump floated the 100% tariff threats on China,
the S&P 500, the Dow Jones and the Nasdaq all dropped sharply.
But U.S. markets rebounded slightly after President Trump said, don't worry about China.
You will all be fine.
Associate Dean Zhang, tell us about the reaction.
How do you read the reactions on the stock markets?
Are we seeing a deja vu when President Trump first started the tariff war on China during his second term?
Well, thank you for the question and thank you for having us here.
From the global capital market point of view,
it doesn't matter whether it's the US market or Chinese market,
we're all part of a global capital market.
So when the series of events happening on Friday with several turns from the China side and from the US side,