Cautious optimism ahead of the Xi-Trump meeting
APEC meeting underlines long-term US-China rivalry
Chinese economy gets worse before it gets better
Cautious optimism ahead of the Xi-Trump meeting
All eyes are on the Xi-Trump meeting at the G20 and the tone is more positive on the US side than we have seen for some time . At a press conference on Thursday Donald Trump stated that 'I have been preparing for it all my life... I know every ingredient, every stat. I know it better than anyone knows it... My gut is always right'. He also again hailed his great relationship with Xi Jinping, see Channel Newsasia .
During the week Trump's economic adviser Larry Kudlow added to the positive sentiment saying that 'As we move toward the G20 meeting, communications, very detailed communications are occurring at all levels of government... I think that's a much better place than where we were two, three, four weeks ago', see Politico .
It is not all hunky-dory, though. A new report by US Trade Representative Robert Lighthizer provides an update on China's theft of Intellectual Property Rights (IPR). The conclusion is very clear: 'This update shows that China has not fundamentally altered its unfair, unreasonable, and market-distorting practices that were the subject of the March 2018 report on our Section 301 investigation'. China has denied the accusations, calling them 'groundless' and 'unacceptable', see Peoples Daily .
To read the entire report Please click on the pdf File Below..