China’s Xi Signals Approval for Trump’s Trade War Demands

[OneHungLo]

Great news for Americans...bad news for Anti-Americans aka bladewire, crockett, cruci, mrbb

Chinese President Xi Jinping addressed some 40 world leaders at the Belt and Road forum in Beijing, but his speech may have been aimed at a head of state not in the audience: U.S. President Donald Trump.

Xi spent a large portion of his speech Friday addressing Chinese domestic reforms, pledging to address state subsidies, protect intellectual property rights, allow foreign investment in more sectors and avoid competitive devaluation of the yuan. All four are issues the U.S. is addressing in trade talks with Beijing.

"We will establish a binding enforcement system for international agreements," Xi said, adding that China will standardize all levels of government in terms of issuing administrative licenses and market regulation, and also "eliminate improper rules, subsidies and practices that impede fair competition and distort the market."

Xi’s promises have been echoed by officials over the past few months and China has taken several steps to address U.S. concerns, including passing a new foreign investment law that bans forced technology transfers. Trade negotiators led by U.S. Trade Representative Robert Lighthizer return to Beijing next week as both sides work toward a face-to-face meeting between Trump and Xi to ink a deal.

“He appeared to be offering his personal approval of the concessions that China is likely to make as part of an imminent US-China trade deal,” said Tom Rafferty, the Economist Intelligence Unit’s regional manager for China. “This was a very different speech than that which President Xi gave at the Belt and Road Forum in 2017” when he outlined big commitments in Chinese spending, Rafferty said.

Yuan Stability
The U.S. and China have agreed on a currency provision in their potential trade agreement, Treasury Secretary Steven Mnuchin said in February. Bloomberg News reported earlier that the U.S. was asking China to keep the value of the yuan stable to neutralize any effort to soften the blow of U.S. tariffs.

China won’t engage in currency depreciation that “harms other countries,” Xi said on Friday, adding the yuan will be kept at a “reasonable, equilibrium level,” and the market will play a bigger role in setting the exchange rate.

“In the context that China and the U.S. are coming close to a deal that could include a currency pact, Xi’s words remind investors that there could be an agreement not to have competitive devaluation and that a stronger renminbi is more desirable,” said Fiona Lim, senior currency analyst at Malayan Banking Bhd. in Singapore.

The yuan climbed on Friday as the central bank set its daily reference rate at a stronger-than-expected level.

Cleaning Up
Some 5,000 attendees from across the globe attended Xi’s address, which also focused on efforts to clean up the sprawling infrastructure program that began in 2013 to rebuild ancient trading routes across Eurasia. At least seven countries who agreed to Belt and Road projects have suspended, scaled back or terminated them, or experienced backlash for their involvement.

“The implementation is always what’s really difficult,” Hannah Ryder, chief executive of officer of the Beijing-based consulting firm Development Reimagined, told Bloomberg Television.

“For the governments here for the Belt and Road Forum, of course, these are probably great words, really good to hear,” she said. But Chinese officials will “really have to still invest time, still push in order for these things to happen.”

https://www.bloomberg.com/news/artic...de-war-demands

[Bladewire]

From your link, part of the article you omitted in your copy paste:

China will remain a currency manipulator

"Xi said on Friday, adding the yuan will be kept at a “reasonable, equilibrium level,” and the market will play a bigger role in setting the exchange rate."

Translation: They are still going to manipulate their currency to fuck us but maybe not as much... if they feel like it.

This is why the Chinese market had a rally today. We are going to do things for them and they might do things for us under the new propsed agreement.

This is how we get fucked every time with China nothing has changed.

[BaldBastard]

Fuck that's awesome!!

Exactly the same as he said last year

https://www.straitstimes.com/asia/ea...tect-ip-rights

and in 2017

https://www.ft.com/content/67ec2ec0-...c-be108f1c1dce

And has been working on since coming into power, Xi's a visionary globalist and has always maintained he's opening China to the world.

But totally Awesome! As for the currency, Trumps inflationary policies had the Fed raise rates if you recall, when that happens it makes the value of the USD go up.

Every country selling products to America has had a big pay increase, even us foreign webmasters on a porn board.. Thanks Trump!! but drill it in your brains, no currency manipulation has been needed, cos Trump did it for him, and AMERICANS paid the price.

Now its a matter of waiting and finding out what exclusive USA only deals Xi is going to do, btw saying they will buy more was already happening, eventually due to BIG fucking numbers every country will have a trade surplus with China, as long as you have something to sell them they want. So put a red line through that.. and then show me what's exclusive.

[VRPdommy]

Originally Posted by OneHungLo

Great news for Americans...bad news for Anti-Americans aka bladewire, crockett, cruci, mrbb

That is a very interesting picture of a ghost and imaginary divine power.

[pimpmaster9000]

the USA accuses somebody of currency manipulation

if you try to dump the war dollar the USIS high school drop outs will invade

but bad bad china

funny...

[Paul Markham]

Good news, will the EU follow?

[BaldBastard]

Originally Posted by Paul Markham

Good news, will the EU follow?

The million dollar question is, Will they have to.

China coming back and saying they will buy more is just a forgone conclusion like I showed exports to them from Aus are up 20% this year as well and its well documented how their consumer population is exploding.

So if Trump wins, it will all be exclusive USA/ China only deals, other countries will need to negotiate.

If Xi wins, then all counties benefit, Xi does what he was doing anyways and his globalist agenda pushes forward.

[OneHungLo]

Originally Posted by MrBaldBastard

China coming back and saying they will buy more is just a forgone conclusion like I showed exports to them from Aus are up 20% this year as well and its well documented how their consumer population is exploding.

Wait... crucifissio told us trade is a zero sum game...something about rearranging deck chairs? How come you never disagreed with him? I guess you didn't want to break bad from your other half of the USA bash brothers.

[BaldBastard]

Originally Posted by OneHungLo

Wait... crucifissio told us trade is a zero sum game...something about rearranging deck chairs? How come you never disagreed with him? I guess you didn't want to break bad from your other half of the USA bash brothers.

Well I've said nothing like that so I guess the answer is no

so lets recap

If Trump wins, it will all be exclusive USA/ China only deals, other countries will need to negotiate themselves.

If Xi wins, then all counties benefit, Xi does what he was doing anyways and his globalist agenda pushes forward.

--- China saying they will buy more was and is happening regardless of trump... hence why American exports to China were up 30 % this year. And if we're all lucky that 30% will keep on for a few years yet.... 850 million headed to middle class, its like 3 new large countries are being added to the planet. Its not a Zerosum game, its a new game completely.

BTW .. Fox News has a message for you

https://www.foxnews.com/opinion/judg...struct-justice

[OneHungLo]

Originally Posted by MrBaldBastard

Well I've said nothing like that so I guess the answer is no

so lets recap

If Trump wins, it will all be exclusive USA/ China only deals, other countries will need to negotiate themselves.

Why the hell would our president be arguing for deals for other countries?

[Bladewire]

Originally Posted by OneHungLo

Why the hell would our president be arguing for deals for other countries?

What the fuck is wrong with your mind? Read what he said again

Hey at least you didn't start off the day making a bunch of threads about all the kinds of people you hate that's a great improvement

[BaldBastard]

Originally Posted by OneHungLo

Why the hell would our president be arguing for deals for other countries?

Exactly! And I want you to remember that when the deals announced and also be clear in your brain that China saying, "We will buy X amount more " does not equate to any deal.. because that was and is happening already, primarily due to that extra 850 million hitting middle class. Gravy train for everyone... as long as the Chinese consumer likes the product your selling.

Eg: Xi announces tariff on foreign cars is dropped! It means zippy fuck to the USA if Japan and Korea get it as well, simply because their closer and can ship to China for a 1/4 what it costs from the USA. Sure you get some sales but millions more will go to Japan.

Where as if its a USA/ China exclusive deal, then American car makers have a chance at competing.

A non exclusive USA/ China deal would be the biggest shot in the arm world globalization has ever received. Keep that in mind when your guy signs it ;)

[OneHungLo]

Originally Posted by MrBaldBastard

Eg: Xi announces tariff on foreign cars is dropped! It means zippy fuck to the USA if Japan and Korea get it as well

Dude you're so disingenuous. Like if China were to cut tariffs with Korea or Japan they would magically decide to cut them with the USA too or vice versa.

How absurd.

Face it - anything Trump does you're going to criticize it.

OK everyone Trump is a bad man for trying to get China to stop stealing our IPs and negotiating better trade deals. You heard it from MRBB

[BaldBastard]

Originally Posted by OneHungLo

Dude you're so disingenuous. Like if China were to cut tariffs with Korea or Japan they would magically decide to cut them with the USA too or vice versa.

How absurd.
Face it - anything Trump does you're going to criticize it.
OK everyone Trump is a bad man for trying to get China to stop stealing our IPs and negotiating better trade deals. You heard it from MRBB

Everyone's trying to negotiate better deals, just Trumps thrown an extra tax on the American public to do it, you pay the tariff not the Chinese.

So when a deal is announced, especially as a Trump voter and considering you've funded it then I'd presume you only want to see, USA/ China trade exclusive deals.

… America first right?

reminders again, China saying they will buy more.. was happening regardless of Trump. So discount count that spin when it comes.

BTW: If you look at the CIA organisational chart, you'll see that two of its four intelligence directorates are involved in scientific, technical and economic espionage.

USA going to stop that?

[pimpmaster9000]

Originally Posted by OneHungLo

Wait... crucifissio told us trade is a zero sum game...something about rearranging deck chairs? How come you never disagreed with him? I guess you didn't want to break bad from your other half of the USA bash brothers.

it is a zero sum game...you can either explain how trump getting angry creates sudden new demand for US goods or you do not know what you are talking about...

I need 100 units of product X...trump getting angry will not affect my need for 100 units...it will not make me buy 200 units and stockpile 100...I need what I need...in the future, if I need say 80 or 120 units this will have nothing to do with trump getting angry...

you do not even try to explain because you know I am right

[thommy]

Originally Posted by OneHungLo

Dude you're so disingenuous. Like if China were to cut tariffs with Korea or Japan they would magically decide to cut them with the USA too or vice versa.

How absurd.

Face it - anything Trump does you're going to criticize it.

OK everyone Trump is a bad man for trying to get China to stop stealing our IPs and negotiating better trade deals. You heard it from MRBB

oh my dear god - you have really not a fucking clue how international trade policy works.

fact is the following:

1. china is on the best way to realize the new silk road.
that means: near to zero international trade will be possible where china will not benefit. if us wants to trade with whoever outside from the american continent, they will need china´s new worldwide infrastructure.

2. the silk road project have ZERO to do with US at all. the countries involved in the meeting have been:

Austria, Azerbaijan, Belarus, Brunei, Cambodia, Chile, Cyprus, Czech Republic, Djibouti, Egypt, Ethiopia, Greece, Hungary, Indonesia, Italy, Kazakhstan, Kenya, Kyrgyzstan, Laos, Malaysia, Mongolia, Mozambique, Myanmar, Nepal, Pakistan, Papua New Guinea, the Philippines, Portugal, Russia, Serbia, Singapore, Switzerland, Tajikistan, Thailand, the United Arab Emirates, Uzbekistan and Vietnam.

do you see US on that list ?

3. the exports from china to the USA have INCREASED since trump started the trade war.
US debts are rising with ultraspeed and trade deficit is the worst in the last 10 years since trump took office.

look here

4. trump´s trade war have caused that the rest of the world made trade alliances that are working independent from USA. and they do also not resolve the problems of the US - the opposite is the case. i.e. US does not have any country left that takes your plastic waste as it was exported to malaysia and they closed that trade this days. the export to china is under trumps trade war. means: trump have to beg china now to take the plastic waste if they do not take it you have to find an own solution what will cost a fortune.

with other words: the one and only country that really suffers HARD under the trade war is the USA as the trade deficit wents from MINUS 40 billion per month to MINUS 60 billion.

and YES china got also hit by the trade war - their balance went from PLUS 480 billion down to PLUS 380 billion. do you see the difference?

if you would even have the SMALLEST clue of economy you would also know, that a gross domestic product just tells you about products produced. if you want to find out if these products are also sold you should watch also the inventory.
because when production is rising and inventory is rising, it means that this products are UNSOLD somewhere on stock.

and this again is a result of tax cutts.

big stock market companies used this money to buy theri own shares back and pushed the price up.
smaller companies invested this money in inventory on stock. but inventory also costs money when it is not sold - so when the stock is full they will not buy anymore.

think it to the end and you will know what will happen.
you will see the result by the end of this year, when the effects of the tax cutt is gone and the debts of US are so high that they can not be paid back with the lower tax income.

what is so difficult in this maths? the federal tax revenue in 2019 will be aproximately 4,5 trillion. aproximately 370 billion of that are gone for paying interest on the US dept.
the forecast for 2020 is a tax income of 3,6 trillion and interest spendings of nearly 500 billion. how long will it take til ALL government spendings are used to pay interest on depts ? i will tell you how long: with a few more trumps in office it will need around 25 years.

[thommy]

Originally Posted by crucifissio

it is a zero sum game...you can either explain how trump getting angry creates sudden new demand for US goods or you do not know what you are talking about...

I need 100 units of product X...trump getting angry will not affect my need for 100 units...it will not make me buy 200 units and stockpile 100...I need what I need...in the future, if I need say 80 or 120 units this will have nothing to do with trump getting angry...

you do not even try to explain because you know I am right

forgive him - he is an economic idiot and does not know that ANY balance have to be at zero at the end. regarding his maths he should not even have electricity in his tend because he belives that electricity can work with only one pole.

[VRPdommy]

I do not totally 'disagree' with trumps stance with China trade.
But he is selling us short in a long term basis to have a deal he can claim for election.
While we will see no great improvement in trade, the rules will have us locked-in for some time to come without agreement on intellectual property and how much tech know-how our companies must give-up to China to sell there.
That has always been the core issues raise by US biz. Funny they never make headlines.

BAD DEAL.

[thommy]

Originally Posted by VRPdommy

I do not totally 'disagree' with trumps stance with China trade.
But he is selling us short in a long term basis to have a deal he can claim for election.
While we will see no great improvement in trade, the rules will have us locked-in for some time to come without agreement on intellectual property and how much tech know-how our companies must give-up to China to sell there.
That has always been the core issues raise by US biz. Funny they never make headlines.

BAD DEAL.

a country doesn't get big by trying to make another country smaller.
there are problems with china and not only in the USA. but the question is how to solve these problems JOINTLY.

the biggest problem is that china has developed into the strongest economic power in the world with unfair means. the purchasing power that china has achieved through this has become indispensable. if you destroy china's economy, you also destroy its purchasing power, which keeps the whole global game running.

it's like having 10 cows in your barn. one of the cows secretly stole the other's food and is the only one that gives enough milk. you can slaughter this one cow now but it will take years for the remaining cows to replace the lack of milk.

a country can be either an important customer or an important supplier. in the case of china, however, both are true.

let's take boeing as an example. if the approx. 30% of a boeing machine, which is manufactured directly or indirectly by chinese suppliers, were replaced by domestic products, an aircraft would end up being twice as expensive to sell.

as a result, boeing would no longer be internationally competitive and even if the domestic airlines continued to buy the expensive boeings, this would not only have an effect on flight prices but on much more, such as the transport of goods in air traffic.

this spiral would go all the way to the bakery at the corner and make any existing product more expensive.

expensive products, however, reduce the quality of life of each individual. especially for those at the lower end of the food chain. so those who can already afford little can then afford even less.

economy is like playing chess. the chess mat is based on a move that was made a hundred moves ago.

therefore it is not only highly complicated for people who understand these laws and connections - it is also IMPOSSIBLE that economic laymen will ever understand it.

[Rochard]

Oddly enough nearly forty countries went to the "Belt and Road" forum held in China.... The United States was not one of them.

Here is a direct result of Trump's trade war.... https://www.npr.org/2019/04/16/71390...south-carolina

[BaldBastard]

Good article here on Belt road meeting

https://www.abc.net.au/news/2019-04-...ative/11042036

New Zealand is in, Aus hasent signed on officially but has so far signed on the dotted line for every project ;)

So we're in.. but shhh don't tell America. Aussies always play both sides if you didnt notice, Chinas our biggest trading partner, but without USA, China or Indonesia see us as nice country to take over.

[thommy]

Originally Posted by MrBaldBastard

Good article here on Belt road meeting

https://www.abc.net.au/news/2019-04-...ative/11042036

New Zealand is in, Aus hasent signed on officially but has so far signed on the dotted line for every project ;)

So we're in.. but shhh don't tell America. Aussies always play both sides if you didnt notice, Chinas our biggest trading partner, but without USA, China or Indonesia see us as nice country to take over.

only a few smart leaders in the world recognize the carrying range of this belt and road thing.
in a few years china will conquer exclusive access to 80% of all world markets with it.

then good night to those who didn't get it and never see you again for those who aren't united in big unions.
in less than 10 years the USA will have slipped from once 1st place to 6th or 7th place and the EU will have a hard time keeping up 3rd or 4th place.

the really bad thing is that not even a reasonable president after trump can ever get these coals out of the fire again. the train has already departed.

but maybe it's also good that people finally learn where the journey is going if you want to replace logic with populism.

it's a pity that many of the brainwashed people living today will probably be dead or very old when the full power of this slap in the face unfolds its effect.

[Bladewire]

So Trump's going to do with Chyna what he did with North Korea.

He's going to sign an empty agreement that will achieve nothing but give him the publicity of having signed an agreement and make his boaters happy even though it won't do anything and achieve no results.

This is what happens when an unpopular, unqualified president is anointed the position by 538 elites in the Electoral College.