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Valued Social Butterfly
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Re: China Digging In?

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the new Long March

 

 

Yes China is digging in, with respect to the USA, not with the world.

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Treasured Social Butterfly
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China Digging In?

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It sounds like China is digging in.


The Dow lurched back into decline on Wednesday after Chinese President Xi Jinping amped up the trade war rhetoric in an ominous speech that suggested that Beijing could not only permanently freeze negotiations with the Trump administration but also mire the two nations in an economic cold war.


Xi declared that China now finds itself in a similar struggle, beset with “long-term and complex…difficult situations.”


“Today, on the new Long March, we must overcome various major risks and challenges from home and abroad,” Xi said, according to a paraphrase quoted in Reuters. “We must be conscious of the long-term and complex nature of various unfavorable factors at home and abroad, and appropriately prepare for various difficult situations.”


While Xi never referenced Donald Trump or the trade war directly, the inference was clear, as was the indication that Beijing does not plan to cower before the White House’s hardline negotiating strategy.


https://www.ccn.com/dow-cringes-xi-jinping-economic-cold-war


And in the USA Today:


China tariffs could force 'widespread store closures' and put $40 billion in sales at risk


https://www.usatoday.com/story/money/2019/05/20/us-china-trade-war-tariffs-could-lead-12-000-store-c...

 

 

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