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Thursday, December 06, 2018

BREAKING: Chinese Commerce Minister Announces Will "Immediately Implement" Details of US Trade Agreement



A reporter asked: We know that the Chinese economic and trade team has returned to Beijing. What is your comment on this meeting? 
A: The meeting was very successful and we have confidence in the implementation. 
Q: How is China prepared to promote the next economic and trade consultation? 
A: The economic and trade teams of the two sides will actively promote the consultation work within 90 days in accordance with a clear timetable and road map. 
Q: What are the priorities for China? 
A: China will start from implementing specific issues that have reached consensus, and the sooner the better.
AND THEN THERE'S THIS:

US stocks are set to crater again after Huawei CFO's arrest adds to China trade-war jitters
Meng Wanzhou, the CFO of the Chinese tech giant Huawei, was arrested in Canada on suspicion of attempting to evade newly implemented US sanctions. The news, which emerged Wednesday, took investors further from their buoyant mood at the start of the week when tensions seemed to ease between China and the US. 
Investors have now lost confidence in the long-term effectiveness of the agreement struck between President Donald Trump and Chinese President Xi Jinping at the G20 summit. Russ Mould, the investment director at AJ Bell, said investors might fear the arrest would raise tensions between China and the US. 
"Having swung between optimism and skepticism about a US-China trade war truce through February, and we note Chinese diplomats making positive noise overnight ('friendly and candid atmosphere' between Xi and Trump), traders are understandably cautious," Mike van Dulken, the senior markets analyst at Accendo Markets, wrote on Thursday morning.
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