Trade war update: U.S. and China hold talks in Beijing
The U.S. and China held deputy-level trade talks in Beijing prior this week. The discussions lasted one day longer than arranged and the two sides issued obscure yet somewhat positive authority articulations about the discourses.
My idea bubble: The Chinese do need to make a deal, both in light of the fact that the trade conflict is exacerbating underlying issues in their economy and furthermore in light of the fact that I hear Xi is quite concerned about the possibility of U.S. decoupling from China, particularly in innovation.
In any case, the Chinese side can not acquiesce to all US requests without making structural changes that could represent an existential test to the Party's perspective of how the monetary framework should be organized, so regardless of whether there is event...