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Thread: CHINA-CHINA-CHINA!

  1. #1

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    Default CHINA-CHINA-CHINA!

    So, once again, the President says he's making a deal with China.

    And once again, China has no official response. Nope, no indication from them as to any deal being done.

    I figured I would start this thread to track HOW MANY TIMES PEOPLE WILL BELIEVE WE HAVE A TRADE DEAL WITH CHINA, only to find out the next day that no such deal actually exists.

    Mark this one down- 12-12-2019. Trump says "We have a deal". China says.....nothing.


    Trump says DEAL!

    "Mr. Trump on Thursday approved a so-called phase-one trade pact that will scale back existing tariffs on Chinese imports and eliminate new levies scheduled to take effect on Sunday, in exchange for a written pledge from Beijing to buy tens of billions of dollars worth of U.S. farm products, among other concessions.While Mr. Trump was “upbeat and enthusiastic about this breakthrough,” in the words of Michael Pillsbury, an adviser to the president during the trade talks, the mood in Beijing has been decidedly more sober.
    None of China’s state-owned media outlets or economic agencies involved in the trade negotiations made any public statement during the day on Friday about the deal endorsed by Mr. Trump. After the markets closed in China, the State Council’s Information Office put out a notice about a press conference scheduled at 9:30 a.m. EST, in which senior Chinese officials are expected to discuss progress with the U.S.-China trade negotiations."

    more at: https://www.wsj.com/articles/china-o...al-11576234325



    China says...(SILENT) NO DEAL:
    "Reports that the US and China have reached an initial trade deal were met with silence in Beijing where officials declined to confirm whether an agreement had been made.Asked about the status of the trade talks during a daily briefing on Friday, the Chinese foreign ministry spokeswoman Hua Chunying reiterated that Beijing was committed to resolving outstanding issues but that a deal had to be mutually beneficial. She did not comment on whether the two sides had reached an agreement or the terms of any deal."

    more: https://www.theguardian.com/business...nciple-tariffs


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  3. #2

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    Default Re: CHINA-CHINA-CHINA!

    Not exactly true.

    https://www.cnbc.com/2019/12/13/chin...s-signing.html


    China says it has agreed to US trade deal text, indicates next step is signing
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Expected retirement date: November 2023

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  5. #3

    Default Re: CHINA-CHINA-CHINA!

    this is like Marcia...Marcia....Marcia.
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  7. #4

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    Default Re: CHINA-CHINA-CHINA!

    Anybody speak Mandarin?

    Bueller?

    Anybody?


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  9. #5

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    Default Re: CHINA-CHINA-CHINA!

    Translated from the actual Chinese Press Conference- around the 14:00 minute mark: |


    1. The parties have agreed NOT to raise tariffs again as scheduled on December 15th.
    2. As far as agriculture, the Chinese side agrees to RE-EXAMINE the agricultural sector- there is NO commitment at this point to any specific dollar amount of goods, or to the details of agricultural product review.

    Seems not everything is in agreement.

    At 17:00- the guy is saying imports of agriculture are now at $130 billion a year worldwide, and have been, on average $24.2 billion. Because of tariff levies, imports from the USA have decreased to $4 billion. The agreement will help resolve some of the issues, and help narrow our differences. After the implementation of this agreement, we may increase some sectors. For example, soybeans, pork and poultry.

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  11. #6

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    Default Re: CHINA-CHINA-CHINA!

    24:00 - A reporter again asked about Agricultural imports by China, asking if there are specific agreements to the amount. Answer: The Chinese guy completely avoided ANY answer on that question.

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  13. #7

    Default Re: CHINA-CHINA-CHINA!

    All this back n forth with folks not answering, or answering that something is not true is ALL part of negotiations. ALL Head Games!

    Notice how the Chinese keep putting out pressers right before the market opens.... messing with our futures markets and YOU!

    The dealing is not over until both parties sign on the line! And even then, all I hear is that the Chinese never keep to their word.... so even with a "Deal" we should likely expect continuing problems.

    IMHO, America needs to disconnect and play with folks that are more honest.
    Please don't take my comments as trading advice /IFTs: 2-26-21=100%S/ 2-1-21=50%S-50%G/ 1-25-21=G100%/ ChartLinks=Pg241-242,#2892-2895// www.theepochtimes.com

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  15. #8

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    Default Re: CHINA-CHINA-CHINA!

    So who's going to be tougher on China?

    fxi.JPG

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  17. #9

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    Default Re: CHINA-CHINA-CHINA!

    Fraud from Chinese rating agencies. What a surprise.

    Let's just hope this isn't on the scale as 2008 with US ratings agencies.

    China has suspended one of its top credit rating agencies after a former executive was accused of taking “massive” bribes, as a growing pile of defaults rattle the country’s $4tn corporate debt market.

    China’s debt markets, the world’s second-biggest, have been hit by a series of defaults by state-run enterprises in recent weeks that have torpedoed investor assumptions that authorities will always bail out these groups.
    https://www.ft.com/content/7be0944b-...b-8aba0b955c13


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