Trade talks; RMB; Family planning; Naughty N…

It is a rainy Tuesday here in DC and a bit of a slow news day so there is not much commentary up top from me. There is a growing expectation that the US-China trade talks will lead to at least a ceasefire and a framework deal to keep discussing (aka punting on) the deeper structural issues. Are we getting lulled into false confidence, or has President Trump decided he needs a deal, for political and economic reasons? I believe Xi long ago decided he needed a deal but he and his negotiators are in no hurry to make big concessions while they pursue every available avenue to soften President Trump’s resolve.

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