In a press conference at the White House Wednesday afternoon, following better-than-expected results for his party in midterm elections, President Trump all but declared that he had concluded a trade deal with China.
“They got rid of ‘China 25,’” the president said in response to a reporter’s question, in an apparent reference to China’s Made in China 2025 program to eliminate dependence on imports in several key high-tech industries by the year 2025.
“China would have superseded us in two years as an economic power. Now they’re not even close. China got rid of their ‘China 25’ because I found it very insulting. I told that to them. That means in 2025 they’re going to take over – economically – the world,” Trump told reporters.
Significantly, Trump used the past tense, as if referring to a deal that was already well on its way to completion.
He went on to tout progress that he has made in pressuring Beijing, adding: “we’re going to try to make a deal with China because I want to have a great relationship with President Xi – as I do – and also with China.”
I reported from Beijing last month that China was willing to back away from the “Made in China 2025” program in the context of a trade deal with the United States:
By backing off from the 2025 target, Chinese officials believe, Beijing can placate the US Administration, and give President Trump a coup in public relations while keeping its own industrial program intact. The government is exploring a number of ways to present such a deal.
Last week, a new government draft entitled “Made in China 2030” was released for discussion at government think tanks. Some government advisers mention the year 2035 rather than 2025 as a goal for achieving China’s high tech ambitions. The differences are largely verbal and have little bearing on actual policies.
Judging from the president’s remarks on Wednesday, China’s flexibility in branding its high-tech investment program helped placate the US Administration.
The S&P 500 on Wednesday closely tracked the large-cap China H-shares ETF, ticker FXI:
Analysis of 1-minute-interval trading data shows that gains in FXI preceded moves in the broad US index by two to three minutes.
This follows a pattern set at the beginning of November when US markets recovered after President Trump indicated that prospects were good for resolving the trade dispute with China.
Trump tweeted on November 1: “Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!”
And you swallow the lies of the CCP
And you swallow the lies of the CCP
Ahson Aftab delusional is thinking china will help pakistain, iran will deal with israel and mo flew to heaven on a winged goat.
Ahson Aftab delusional is thinking china will help pakistain, iran will deal with israel and mo flew to heaven on a winged goat.
Ahson Aftab China will help pakistain, iran will deal with israel and mo the pedo flew to heaven on a winged camel !
Ahson Aftab China will help pakistain, iran will deal with israel and mo the pedo flew to heaven on a winged camel !
Winston Medved Irrelevant comment, are you stuck in the 1950’s? If MAD can be assured, then weapons are useless as both sides will annihilate themselves. That’s why Trumps war with China is ECONOMIC.
However, I’ll bite. China has over 3000 acres of islands built in the SCS, and has cruise missiles that can reach Guam from the mainland. Each of those islands can host DF-21 ship killer missiles. China’s offensive capabilities are decades behind the US, but defensively, between the S-400’s and carrier-killer missiles, I wouldn’t be too confident if I were the US.
Additionally, and I’ll pose 1 last question. Trump wants to "MAGA" and make "America First" – how much American blood is he willing to shed for Taiwan – CHINESE people.
The CCP and the PLA is willing to sacrifice tens of thousands of lives if necessary, is Trump?
Winston Medved Irrelevant comment, are you stuck in the 1950’s? If MAD can be assured, then weapons are useless as both sides will annihilate themselves. That’s why Trumps war with China is ECONOMIC.
However, I’ll bite. China has over 3000 acres of islands built in the SCS, and has cruise missiles that can reach Guam from the mainland. Each of those islands can host DF-21 ship killer missiles. China’s offensive capabilities are decades behind the US, but defensively, between the S-400’s and carrier-killer missiles, I wouldn’t be too confident if I were the US.
Additionally, and I’ll pose 1 last question. Trump wants to "MAGA" and make "America First" – how much American blood is he willing to shed for Taiwan – CHINESE people.
The CCP and the PLA is willing to sacrifice tens of thousands of lives if necessary, is Trump?
But the Americans have bigger weapons.
But the Americans have bigger weapons.
WM Wong Do 2 wongs make a white ?
WM Wong Do 2 wongs make a white ?
The moral of the lesson is this: stop breast thumping and do things quietly. Both for Trump and Xi.
The moral of the lesson is this: stop breast thumping and do things quietly. Both for Trump and Xi.
Chinese are smart and hard-working people. The only way to work with the Chinese is to be as smart and hard as hard. That simple, no secret.
The question is whether the West is willing to.
The Chinese have decided to back off on 2025 way before the so, so smart Mr David Goldman wrote this article.I have read on zerohedge .com that 2030 is now the new line in the sand for the Chinese——-what is a additional 5 years when you have been playing the game for 5,000 YEARS———the Middle Kingdom comntinues to march forward!!
The Chinese have decided to back off on 2025 way before the so, so smart Mr David Goldman wrote this article.I have read on zerohedge .com that 2030 is now the new line in the sand for the Chinese——-what is a additional 5 years when you have been playing the game for 5,000 YEARS———the Middle Kingdom comntinues to march forward!!
Why and what do the America have to be afraid of the "Made in China 2025?" First of all, it’s not as if China secretly planning to attack the USA, or planning something illicit or clandestine to harm America. What China had planned was in fact, the Chinese Premier Li Keqiang announced to the world in 2015 what China is planning to do in 2025. Therefore, I ask, what the hell wrong when a country attempting to move its country’s manufacturing up the value chain and become a major manufacturing power, or even in direct competition with the United States? Is it a crime when a country wants to strive to become even better, or aiming to compet with a country or countries? And, why even a superpower country like the United States have to be afraid of when China had giving you a heads-up ten (10) yrs ahead of time? Are you telling me, actually, America is not all as it portray itself to be? Hmmmm I wonder! 🙂
Why and what do the America have to be afraid of the "Made in China 2025?" First of all, it’s not as if China secretly planning to attack the USA, or planning something illicit or clandestine to harm America. What China had planned was in fact, the Chinese Premier Li Keqiang announced to the world in 2015 what China is planning to do in 2025. Therefore, I ask, what the hell wrong when a country attempting to move its country’s manufacturing up the value chain and become a major manufacturing power, or even in direct competition with the United States? Is it a crime when a country wants to strive to become even better, or aiming to compet with a country or countries? And, why even a superpower country like the United States have to be afraid of when China had giving you a heads-up ten (10) yrs ahead of time? Are you telling me, actually, America is not all as it portray itself to be? Hmmmm I wonder! 🙂
WM Wong Actually it was a gang of 8, but nevertheless it was a GANG.