China wants another round of talks, according to Bloomberg News, before making a commitment to even a phase one “deal” with the United States. It is not clear where these talks will take place, in Washington or Beijing, but sources as making it clear that Chinese Vice Premier Liu He would be involved at all stages, especially the pre-talks phase that would iron out details. But this is what is reported in the Western Press but for those of us living in Asia, and knowing that time is measured differently here, this might be “news” with little meaning. You must ask yourself, does China really want a deal before the 2020 election? Surely the idea of giving a gift to President Trump, a gift in the form of a trade deal that would help him get re-elected would be counter-productive to what China is trying to achieve. However, when we look at the details of the talks, the core being intellectual property rights discussions with the US in return, China would purchase $40 to $50 billion worth of US agricultural products. But again, this all could be political discussions as China is likely buying time, and leading the US negotiators one by the nose as we say in English. Do the US negotiators know that China has time, a lot of time, in their view? No deal until after the 2020 election.
China Wants Another Round of Talks But are We Surprised?
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