US President Donald Trump and China's President Xi Jinping leave a business leaders event at the Great Hall of the People in Beijing. Photo: AFP
SCMP: Trade war deal: How Xi Jinping rejected Donald Trump’s signing ceremony proposal during turbulent period
* Xi Jinping rejected proposals for a bilateral meeting with Donald Trump after the Apec summit in Chile was cancelled in November
* A frantic three months in US-China relations will culminate in Liu He’s trip to Washington next week, but analysts point to more choppy waters ahead
In the first week of November, after Chile cancelled the Apec summit and before the BRICS summit took place in Brasilia, there were intense discussions between China and the United States about a potential face-to-face meeting between their two respective leaders.
The hope was that after plans of a meeting in Chile’s capital of Santiago were wrecked by violent street protests, Chinese President Xi Jinping and his US counterpart Donald Trump might find a location to finalise a phase one trade deal, according to two separate sources briefed on the matter.
Trump’s desire for an eye-catching photo opportunity with Xi has always been clear, with the US president looking for a “win” in the trade war to help boost his re-election campaign.
For Xi, however, the timing was off. The text of the agreement had not been finalised and the broader US-China bilateral relationship was clouded by protests in Hong Kong and Xinjiang.
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WNU Editor: Among the Chinese that I know they have trouble seeing this trade deal succeed. The Chinese are not motivated to buy US products, they are more focused on what they can sell. Chinese President Xi's reluctance to meet President Trump for a signing-op is also Beijing's way of deliberating sending a message to its citizens that this deal is not important, and it will not be enforced. But China does have a huge problem. As much as the Chinese leadership do not trust President Trump, foreign businesses do not trust China, and they are now leaving .... China’s manufacturing exodus set to continue in 2020, despite prospect of trade war deal (SCMP).
5 comments:
China wants to be king global
So all you go to hell dehumanizes
chinese takeout
Very good comments by WNU. Well worth the time to read them.
A friend of mine works for a heat treating company. 6 years ago they lost a US based customer to cheaper processing in China. After a year the company came back because of poor quality that resulted in the need for re-working of the end product received. When they returned to his company the owner was happy to get them back, at twice the previous charge for processing.
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