excalibur
Diamond Member
- Mar 19, 2015
- 28,549
- 57,744
- 2,290
MAGA!
I know that a certain segment is disappointed because they cheer against Trump, and against America winning anything. Even to cheering on the ChiComms.
Three weeks ago, when we first reported that as a result of the ongoing Trump trade war with China, “chinese factories are shutting down, laying off workers”, we said that as a result of this war of attrition in which the outcome of every incremental clash and battle will be used just as aggressively for media propaganda, “the fact that any marginal pain will be amplified as trade war weakness will mean that Beijing will do everything in its power to prevent the full extent of the shutdowns from being revealed.”
Sure enough, last week the WSJ reported that whereas “not long ago, anyone could comb through a wide range of official data from China… then it started to disappear.”
We detailed the unprecedented disappearance of Chinese “data”, fake as it traditionally may have been, earlier this week. But while we had our theories why China quietly vaporized hundreds of data sets – naturally one wouldn’t be deleting the data if it was good, or could at least be massaged in a credible way – it was not until today when a Reuters report confirmed what we said from day one, namely that in the long run China’s economy has more to lose than the US, where the hit would be faster but would focus primarily on the market, and once the initial selloff shock wears off leverage would swing to benefit the White House.
And just as we supposed, Beijing’s unprecedented propaganda campaign, it was the cracks in the economy that forced Xi to the negotiating. According to the Reuters report, “since U.S. President Donald Trump imposed steep tariffs on China last month, Beijing had responded in kind. On state and social media, it posted images of Mao Zedong, lambasted “imperialists,” and sent a message: capitulation to bullies is dangerous, and it wouldn’t back down.”
But behind closed doors, China was quietly preparing to do just that, and Reuters reports that according three sources, officials had grown “increasingly alarmed about tariffs’ impact on the economy and the risk of isolation as China’s trading partners have started negotiating deals with Washington.”
China’s reasons for deciding to negotiate, Washington’s letter on fentanyl, U.S. diplomatic challenges in Beijing, and the early outreach between the two sides are reported by Reuters for the first time, based on interviews with nearly a dozen government officials and experts on both sides.
As usual, China’s diplomatic efforts had two faces, one for popular domestic consumption, and one for private engagement with the adversary, in this case the US.
Sure enough, China’s foreign ministry said in a statement to Reuters that it reiterated that “China’s firm opposition to the U.S. abuse of tariffs is consistent and clear, and there is no change.” It added that “the U.S. has ignored China’s goodwill and unreasonably imposed tariffs on China under the pretext of fentanyl. This is a typical act of bullying, which seriously undermines dialogue and cooperation between the two sides in the field of drug control.”
In retrospect, the pretext may have been “fentanyl” but as we learn in a follow up report today from the WSJ, it was anything but a facade: according to the Journal, Xi Jinping is sending his top public-security aide to Switzerland as part of Beijing’s trade talks with Washington, signaling the importance of the fentanyl issue to bilateral relations.
...
thelibertydaily.com
I know that a certain segment is disappointed because they cheer against Trump, and against America winning anything. Even to cheering on the ChiComms.
Three weeks ago, when we first reported that as a result of the ongoing Trump trade war with China, “chinese factories are shutting down, laying off workers”, we said that as a result of this war of attrition in which the outcome of every incremental clash and battle will be used just as aggressively for media propaganda, “the fact that any marginal pain will be amplified as trade war weakness will mean that Beijing will do everything in its power to prevent the full extent of the shutdowns from being revealed.”
Sure enough, last week the WSJ reported that whereas “not long ago, anyone could comb through a wide range of official data from China… then it started to disappear.”
We detailed the unprecedented disappearance of Chinese “data”, fake as it traditionally may have been, earlier this week. But while we had our theories why China quietly vaporized hundreds of data sets – naturally one wouldn’t be deleting the data if it was good, or could at least be massaged in a credible way – it was not until today when a Reuters report confirmed what we said from day one, namely that in the long run China’s economy has more to lose than the US, where the hit would be faster but would focus primarily on the market, and once the initial selloff shock wears off leverage would swing to benefit the White House.
And just as we supposed, Beijing’s unprecedented propaganda campaign, it was the cracks in the economy that forced Xi to the negotiating. According to the Reuters report, “since U.S. President Donald Trump imposed steep tariffs on China last month, Beijing had responded in kind. On state and social media, it posted images of Mao Zedong, lambasted “imperialists,” and sent a message: capitulation to bullies is dangerous, and it wouldn’t back down.”
But behind closed doors, China was quietly preparing to do just that, and Reuters reports that according three sources, officials had grown “increasingly alarmed about tariffs’ impact on the economy and the risk of isolation as China’s trading partners have started negotiating deals with Washington.”
China’s reasons for deciding to negotiate, Washington’s letter on fentanyl, U.S. diplomatic challenges in Beijing, and the early outreach between the two sides are reported by Reuters for the first time, based on interviews with nearly a dozen government officials and experts on both sides.
As usual, China’s diplomatic efforts had two faces, one for popular domestic consumption, and one for private engagement with the adversary, in this case the US.
Sure enough, China’s foreign ministry said in a statement to Reuters that it reiterated that “China’s firm opposition to the U.S. abuse of tariffs is consistent and clear, and there is no change.” It added that “the U.S. has ignored China’s goodwill and unreasonably imposed tariffs on China under the pretext of fentanyl. This is a typical act of bullying, which seriously undermines dialogue and cooperation between the two sides in the field of drug control.”
In retrospect, the pretext may have been “fentanyl” but as we learn in a follow up report today from the WSJ, it was anything but a facade: according to the Journal, Xi Jinping is sending his top public-security aide to Switzerland as part of Beijing’s trade talks with Washington, signaling the importance of the fentanyl issue to bilateral relations.
...
Fear of Economic Collapse Forced China to Negotiate With President Trump, Quietly Reach Out First - đź”” The Liberty Daily
If you love the news, check out The Liberty Daily's homepage. (ZeroHedge)—Three weeks ago, when we first reported that as a result of the ongoing Trump trade war with China, “chinese factories are shutting down, laying off workers”, we said that as a result of this war of attrition in which the...
thelibertydaily.com
