Look who's calling the shots....

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[SIZE=7]China Is Set to Take a Hard Line on Trump’s Trade Demands[/SIZE]
Imagehttps://static01.nyt.com/images/2018/05/01/world/01china-trade-1/merlin_137484363_d84234d6-c7ad-4e07-85c1-435470e1d0a5-articleLarge.jpg?quality=90&auto=webp
A container port in China’s eastern province of Shandong. The Trump administration wants Beijing to curb its $300 billion plan to bankroll China’s push into advanced technologies.CreditReuters

By Keith Bradsher
April 30, 2018
BEIJING — Staking an assertive negotiating stance, China says it will refuse to discuss President Trump’s two toughest trade demands when American officials arrive in Beijing this week, potentially derailing the high-level talks.
The Chinese government is publicly calling for flexibility on both sides. But senior Beijing officials do not plan to discuss the two biggest requests that the Trump administration has made over the past several months, according to people involved in Chinese policymaking. Those include a mandatory $100 billion cut in America’s $375 billion annual trade deficit with China and curbs on Beijing’s $300 billion plan to bankroll the country’s industrial upgrade into advanced technologies like artificial intelligence, semiconductors, electric cars and commercial aircraft.
The reason: Beijing feels its economy has become big enough and resilient enough to stand up to the United States.
[INDENT][[I]On other trade fronts, even American allies aren’t sure what the Trump administration plans. Read more about their concerns.[/I]][/INDENT]
A half-dozen senior Chinese officials and two dozen influential advisers laid out the Chinese government’s position in detail during a three-day seminar that ended here late Monday morning. The officials and most of the advisers at the seminar gave an overview of China’s economic policies, including an in-depth review of the country’s trade policy, to make sure China’s stance would be known overseas. All of the officials and most of the advisers at the seminar insisted on anonymity because of diplomatic sensitivities.
It is not clear what will happen when the two sides sit down this week or whether either will find a reason to waver. Still, the Chinese and American positions are so far apart that China’s leaders are skeptical the two sides can find common ground by the end of this week. They are already raising the possibility that Chinese officials may fly to Washington a month from now for further talks.
“I don’t expect a comprehensive deal whatsoever,” said Ruan Zongze, the executive vice president of the China Institute of International Studies, which is the policy research arm of China’s Foreign Ministry. “I think there is a lot of game playing here.”
Beijing is frustrated with Mr. Trump’s threats to impose tariffs on $150 billion in Chinese goods and dismayed by suggestions in the West that China has a weak bargaining position. Chinese officials think the country’s one-party political system and President Xi Jinping’s enduring grip on power — particularly after the repeal of presidential term limits in March — mean that China can outlast the United States and Mr. Trump in any trade quarrel.

The Chinese government believes Mr. Trump’s background as a businessman means that at some point he will agree to a deal. Seminar participants also reaffirmed previous Chinese trade policy offers to further open the country’s financial and automotive sectors, though not in ways that would impact China’s industrial modernization program, called Made in China 2025. They also suggested that China would be willing to tighten its intellectual property rules so as to foster innovation within China as well as protect foreign technologies from counterfeiting and other illegal copying.
China is insisting that the parameters of any negotiations be limited, and that the tariff threat be removed before a final deal can be struck.

Chinese officials have reached out to Treasury Secretary Steven Mnuchin, who has reacted positively to China’s overtures in the auto and financial sectors. Mr. Mnuchin, a former Goldman Sachs executive who will be on the Trump administration’s team in Beijing later this week, has sought to calm investors worried that the rhetoric between Washington and Beijing could break out into a full-blown trade war.
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[SIZE=6]The U.S.-China Trade Conflict: How We Got to This Point[/SIZE]
American companies want a level playing field with their Chinese counterparts. China wants to build its industries into sophisticated global competitors. This week, both countries demonstrated a willingness to escalate trade tensions to defend their positions.
April 5, 2018
China’s position is that the bilateral trade imbalance arises from differences in savings rates. Households in China save roughly two-fifths of their income. Americans, on average, save almost nothing. So money from China tends to flow to the United States, buying factories, technology companies, real estate and more, and Americans in turn spend much of that money to buy goods from China. Many economists in the United States, including some at the Treasury, share that view.
Imagehttps://static01.nyt.com/images/2018/05/01/business/01china-trade-2/merlin_134688192_e6588e49-c39a-4e0d-84b0-7f6579baefc4-articleLarge.jpg?quality=90&auto=webp
A worker making carbon fiber on a production line in Lianyungang, in China’s Jiangsu province. The material is used in aerospace and other applications. The Chinese government is frustrated with Mr. Trump’s threats to impose tariffs on $150 billion in Chinese goods.CreditAgence France-Presse — Getty Images
By contrast, many trade lawyers, lawmakers on both sides of the aisle and Mr. Trump contend that the trade deficit stems to a large extent from unfair practices, including cheap loans by state-controlled banks to exporters.
China is ready to discuss shrinking the $375 billion annual trade deficit. But it wants to do so by buying more high-tech American goods. Washington has long blocked such deals because of concerns that they may have military value. China is also willing to buy more oil, natural gas, coal and other goods from the United States, and to help finance the extra pipelines and other infrastructure that would be needed to move them to China.
A senior Chinese government official said that Beijing is unwilling to negotiate with the United States on any curbs on Made in China 2025, which includes large-scale government assistance to favored industries in advanced-technology manufacturing. China perceives the American demands as an attempt to stop China’s economic development and technological progress, the senior Chinese official said.
Germany and other countries also have industrial policies, and the United States has not objected to them, he added. American and European officials have argued that those policies elsewhere are much narrower and less ambitious.
Other advisers and officials said that the United States had misunderstood the Made in China 2025 industrial policy. They expressed hope that it might be possible to resolve differences by explaining the program better and making very small tweaks to it — a stance that still may not appease the Trump administration.
The Chinese government is not simply throwing money, land and other resources to favored industries like robotics, artificial intelligence, semiconductors and aircraft manufacturing, they said. China is engaged instead, they contended, in a carefully thought-out program that measures potential profits for each dollar of investment. So China’s program bears some resemblance, they said, to private sector investment programs in the West.
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One subject was repeatedly and conspicuously avoided by all officials throughout the seminar, even when advisers occasionally speculated about it: whether China might someday try to link trade disputes to national security issues.
China has been deeply involved in international pressure on North Korea to give up its nuclear weapons and ballistic missiles, an issue of high importance to the Trump administration. Beijing also wants to someday assert control of Taiwan, a self-governing democracy that Beijing regards as a renegade territory.
Tsinghua University’s new Academic Center for Chinese Economic Practice and Thinking organized the seminar, which was held at Tsinghua and two other venues in western Beijing. President Xi graduated from Tsinghua, which is in Beijing and is China’s top university, and he has filled much of the senior ranks of his government with Tsinghua professors and graduates.
In some respects, the hard stance struck by Chinese officials reflects a hardening of public attitudes in China.
In mid-April, the United States barred American companies from selling their wares to a Chinese telecom equipment maker, ZTE. The move is seen as potentially crippling to the Chinese company, which needs American chips and software to power the smartphones and equipment it sells around the world.
Washington officials cited ZTE’s repeated violations of sanctions against Iran and North Korea, but many in China saw it as a reminder by the United States that sizable sectors of the Chinese economy still rely on American-made goods. Much of the Made in China 2025 policy is aimed at reducing that dependence.
The ZTE case “has changed a lot of Chinese people’s opinion,” said Mr. Ruan, of the China Institute of International Studies. “In the past, people saw us as interdependent.”

Weka summary sponsor mwenzangu 22:38 hii yote itasomwa kwani ni exams ya kesho?

Ayayayaya… Sisomi. 22:50

Good read 22:57

akanyal soma 23:02

Hata mimi. Vile wamesema.

Summary priiis

@sludgist mla nyani niaje

America is trying to stop the inevitable. They can only delay it.

Might be good for the US in the short run but eventually China wins in the future [SIZE=1](2 cents thoughts based on an economic 101 unit) [/SIZE]

I am with China

Poa sana unko

Where are the Trump cheerleaders?

This is one war USA will lose worse than Vietnam. Isitoshe, the EU is headed to the WTO in regards to the trade war spilling to Europe.

https://www.ft.com/content/e3771a6e-20cb-11e8-a895-1ba1f72c2c11

Hii ndiyo kitu imeingiza Americans joto kwa tumbo… One Belt One Road (OBOR)
https://www.youtube.com/watch?v=EvXROXiIpvQ

Alafu hii pia…

https://www.youtube.com/watch?v=hQKf1Ob2Iys

Round hii Trump ameshikwa makende. All is left is to squeeze them hard. :D:D:D

Na si Trump alisema America First watu wakadhani ni jokes. America is the World’s most lucrative market. And she has made other countries very rich. All trump is saying is no more trade bodies sijui WTO regulations it’s now time to level the playing field. He wants one on one negotiations with every country. He does claim to be a master in negotiations and even wrote books about the art of the deal.

Meanwhile China wants to pull away from it’s dependence on America and create it’s own huge market through the one belt one road initiative. In other words China hopes countries like Kenya can replace the American consumer… hehehe

Only time will tell. At least the poor countries will get some good infrastructure out of this one belt one road movement. Kulipa sijui kutaenda aje.

That book was trashed even by billionaires richer than him. If he is such a master negotiator why cant he even marshall his own majority repuublican party to fund the wall? ameshindwa and they are the majority in both houses.

He became president of the United States of America! I repeat, President of the United States of America!!
Can any of those billionaires who trashed his books top that?

Yule bloomberg guy si he more or less gave up. And he has more money than trump.

Trump negotiated with the most difficult voter/customer on earth: the spoilt, ultra liberal American voter and against all odds convinced him and her that he’s the man for the job. And proceeded to win. The absolute under dog, a man considered a joke beat a Clinton… na bado mnasema hajui chenye anafanya?

Everyone thought so until the USA sneezed and China didn’t shiver…for starters, India has already overtaken the US as the largest market for Chinese smartphones. China ilijipanga kitambo and is already in favourable trade terms with it’s partners in BRICS, so no big problem finding markets for products the US might reject/block. and like i asked previously, so US locks out Chinese will they manufacture goods for the domestic market competitively (think economies of scale}?
the world today has no place for “jealousy economics”…

Right now there’s even talk he might win a Nobel prize. The man everyone was hating a few months ago winning a Nobel peace prize… and you still think he’s an idiot.

He’s doing things other’s with far bigger credentials could never achieve na bado mnadhani he’s an idiot. Handshakes that no one saw coming, give credit where it’s due.

you forget we have valuable resources