Legal experts discuss Donald Trump's guilty verdict and potential appeals, focusing on the hush money case and implications for the former president. Senior investment analyst Wendy Chen shares insights on China PMI data and the challenges in China's semiconductor industry.
Trump faces guilty verdict on 34 felony counts, appealing based on Cohen's unreliable testimony.
China PMI data prompts policy reforms for housing market stimulation and focus on technology sectors.
Deep dives
Trump Found Guilty on All Counts
Donald Trump, found guilty on all 34 felony counts, claims to be a political prisoner. During the trial, revelations about the Trump Tower meeting emerged, where allegations of a catch-and-kill scheme were discussed. Trump's lead lawyer aimed at launching an appeal, citing Michael Cohen's testimony as unreliable, but the request was denied.
Sentencing and Potential Jail Time
Sentencing for Trump is tentatively set for July 11, with discussions about possible jail time. Speculation suggests Trump, as a first-time offender, might receive probation or house arrest. Comparisons are drawn to the case of Trump's former CFO, who served time for similar white-collar crimes. The jury's verdict highlighted accusations of election manipulation and cover-ups, raising questions about the potential sentencing outcomes.
China's Economic Challenges and Policies
China experiences disappointing PMI numbers, impacting its economy and prompting potential policy adjustments. Efforts to address unsold property inventory are ongoing to stimulate the market. Policy reforms focusing on social welfare and rural land could encourage home buying and consumption. Investments in technology innovation, green energy, and EV sectors are recommended for potential growth opportunities in China's market.