The Chinese side may once have had a fantasy that the midterm elections would force President Trump to back down but Xi Jinping and his team will be disappointed by the outcome of those elections. There is little to nothing in the results that would lead President Trump to change his approach to prosecuting his trade war with China, and in fact he may see reasons to redouble his efforts.
"But maybe the December speech will bring a quick end to winter and an early start to a new spring. Bets anyone?"
Nuanced answers aside, I think it's pretty obvious with the way things are going, it's going to get a lot worse before things will improve.
Mr. Rudd, on the Sinica podcast, regardless of one's opinion about the man (eg. Mr. Schradder's Twitter dispute with Mr. Kuo about the episode), explained it pretty well that we need new rules of engagement and that "Western" countries have to be willing to step up to the plate and defend liberal values, etc. However, as long as nationalism and xenophobia are more attractive, it's going to be difficult.
"But maybe the December speech will bring a quick end to winter and an early start to a new spring. Bets anyone? " ....Sinocism and its readers seem like a fantastic venue and group to trial a China-watcher's forecast market.
I think this will play out differently. China will eat lots of chalk. We may see a 180 degree turn on a multitude of controversial issues, domestic and foreign policy, for a number of reasons. The space here wouldn't suffice to lay it all out.
'First, the Communist Party commands all'. Erm, that's its Constitutional duty.
The Capitalist Party commands all in America by paying factions to pretend to care about citizens.
That's why–sometime between 2020-2025–every Chinese will have a home, a job, plenty of food, education, safe streets, health and old age care and on that day there will be more suicides and executions, and more homeless, poor, hungry and imprisoned people in America than in China.
The PBOC original working paper on Blockchain limitations can be found here: http://www.pbc.gov.cn/yanjiuju/124427/133100/3487653/3658001/index.html