Last week’s trade talks in DC may not have achieved real breakthroughs but they were also not the bust the market on Friday thought they were. I doubt much will happen between now and the National Day celebration, so once again we are left waiting for a Liu He visit in a few weeks. I have not suddenly become an optimist but as I wrote Thursday the chances for an interim trade deal may still be higher than they have been in a while, albeit one that does not solve the hard, underlying structural issues.
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