This website requires JavaScript.
Daily Briefing

What Xi-Trump trade talks didn’t change

Dec 6, 2018 by The Passage Team
What Xi-Trump trade talks didn’t change

Investors should be cautious about the outcome of the G20 meeting in Buenos Aires between Chinese President Xi Jinping and US President Donald Trump, which amounted to nothing more than an agreement to resume trade negotiations. In substance, Beijing has not really budged much with respect to its offer of buying more US goods, opening up its market and “working on” issues, such as technology transfer and intellectual property rights protection, which were all part of its previous list of offers.

Instead, the core issues that have led to the trade impasse surrounding China’s industrial policies – known as Made in China 2025 – plus the role of the state vs the market and China’s “non-reciprocal” trade practices, remain unresolved and it is not clear that the US will be willing to relent for a smaller trade deficit.

Source: China Daily

The Passage Team

The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

Follow The Passage Team