The trade deal to be signed this week will include pledges by China to buy US$200 billion of US goods over two years in four industries, a Trump administration official and two other sources briefed on the matter said.
China Economy
China’s Economy is Likely to Slow Further, Say Experts
Economists are pessimistic about the immediate outlook for China even though there were some bright spots in the September data released on Friday, with retail sales up 7.8% from a year ago and industrial output rising 5.8%. Fixed asset investment rose 5.4% from January to September.
Trade War – China’s New Tariff Waivers Boost Risk, GBP Awaits UK Supreme Court Ruling
Trade War – The market mood improved on fresh US-Sino trade optimism, after the US Treasury Sec. Mnuchin said trade talks with China will resume in two weeks. Further, China’s announcing new waivers to buy US soybeans offered a fresh boost to risk. Upbeat US PMI report also buoyed the sentiment.
China Trade Deal ‘Fails’ if Washington Doesn’t Win Enforcement Measures
That comes as Chinese negotiators ready for the next round of trade talks, set to begin Tuesday in Washington.
Trump is Showing He ‘Actually Wants’ a Trade Deal With China, Stanford Expert Says
Trump’s Thursday Twitter post is evidence of that, Lanhee Chen, a research fellow at the Hoover Institution, told CNBC on Friday. In fact, he said, the tweet — about a “long and very good conversation” with China’s president — is one of several “smoke signals” that show the White House truly hopes to resolve its ongoing dispute with the world’s second-largest economy.
Breaking News – China Reports Lower Than Expected Manufacturing Growth in October
China reported slower manufacturing growth in October for the second straight month as the country’s trade war dispute with the U.S. continues.
Goldman Can’t Rule Out U.S. Naming China a Currency Manipulator
Though China doesn’t meet the three official criteria, the Treasury Department could still accuse the Asian nation if it found that China was manipulating the yuan for trade purposes, Goldman notes. While not the bank’s base case, given that currency matters have played a “central role” in the U.S.-China trade standoff, a formal declaration isn’t unfathomable.
China: More retaliation on the way
With trade tensions with the US only set to increase, we expect the People’s Bank of China to allow the yuan to depreciate to 7.00 by the end of this year
Data on China’s Manufacturing Growth will Likely show Further Slowdown in September
The Caixin Purchasing Managers’ Index for China’s manufacturing sector is expected to come in at 50.5 points for September, according to estimates by Reuters. That’s below August’s 50.6 points and the lowest reading since June 2017.