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

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

this is like Marcia...Marcia....Marcia.

Anybody speak Mandarin?

Bueller?

Anybody?

https://www.youtube.com/watch?time_c...ature=emb_logo

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.

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.

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.

So who's going to be tougher on China?

Attachment 47608

Fraud from Chinese rating agencies. What a surprise.

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

Quote:

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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.

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https://www.ft.com/content/7be0944b-...b-8aba0b955c13

Tensions between the U.S. and China heats up. The FCC has banned a Chinese telecommunications company from doing business in the U.S.

Quote:

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The FCC said it was taking action against the state-owned China Telecom Corp.’s U.S. business because the company was “subject to exploitation, influence, and control by the Chinese government.”

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U.S. Bans China Telecom Over National Security Concerns

Chinese tech just can't win. If they don't get hammered by the US, they get hammered by their own loving CCP. And to think some people wanted to include China in TSP. Pointless.

Business between the two largest economies continues to grow holes. This time Yahoo is pulling out of China to be the second commonly known U.S. Tech company behind Microsoft's LinkedIn platform to pull away from China is less than a month. A new data protection regulation in China was the final straw for Yahoo. Chinese has been cracking down on data collection from big tech names and the new regulation limits what data companies can collect from users and requires user consent.. Maybe sounds reasonable but user data is where these tech companies make their money.

Yahoo Pulls Out of China, Ending Tumultuous Two-Decade Relationship