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It Appears Trump Had A Very Good Meeting With China’s Xi
There are a couple of stories this morning about the outcome. Reuters has this:
“China, South Korea discuss more sanctions on North Korea amid talk of Trump action”
South Korean Foreign Minister Yun Byung-Se (R) walks with Wu Dawei (L), China’s Special Representative for Korean Peninsula Affairs, and Kim Hong-Kyun (C), South Korea’s representative to the six-party talks, after their meeting in Seoul, South Korea April 10, 2017. REUTERS/JUNG Yeon-Je/Pool
Then there is this story about US-China trade. The word ‘Huge’ is hyperbole. But it’s a word Mr. Trump likes to use.
“China Caves: Trump Wins Huge Trade Concession”
It is being reported that Beijing is offering the Trump Administration greater market access to avoid an all-out trade war between the two powers.
The Financial Times claims that these concessions are not all that difficult for Beijing.
At present, foreign investors cannot hold a majority stake in securities and insurance companies in China. The country’s largest companies in these sectors, such as Citic Securities and China Life Insurance, have achieved enormous scale in the 15 years since the world’s second-biggest economy joined the World Trade Organization, making them formidable competitors for new entrants to the market.”
Apparently China is also planning to end the 14-year ban on United States imports, as well as purchasing more grain from America in an attempt to ease escalating trade tensions.”
Source: http://therealrevo.com/blog/?p=158682
