Chinese Economics Thread
- Thread starter Norfolk
- Start date
AssassinsMace
Lieutenant General
Quickie
Colonel
The better measure is the Yuan as it's the currency that is used to price the Chinese goods and services that is traded between China and the rest of the world, not just the U.S.
Trade between China and U.S. is only slightly more than 10% of China's total trade.
Last edited:
Latest News
U.S. Stocks Rally In Reaction To Upbeat Trump Tweet
CONTRIBUTOR
RTTNews.com
PUBLISHED
DEC 12, 2019 10:49AM EST
(RTTNews) - Stocks have shown a strong move to the upside in morning trading on Thursday, adding to the modest gains posted in the previous session. With the advance, the major averages have reached new record intraday highs.
The major averages have pulled back off their best levels in recent trading but remain firmly positive. The Dow is up 204.23 points or 0.7 percent at 28,115.53, the Nasdaq is up 65.56 points or 0.8 percent at 8,719.61 and the S&P 500 is up 24.17 points or 0.8 percent at 3,165.80.
The rally on Wall Street comes after President Donald Trump expressed optimism about a potential U.S.-China trade deal.
"Getting VERY close to a BIG DEAL with China. They want it, and so do we!" Trump said in a post on Twitter just after the start of trading.
Trump has repeatedly expressed optimism about a trade deal but has previously suggested China wants to reach an agreement more than the U.S.
The tweet comes after a report from Reuters said Trump is expected to meet with top trade advisers today to discuss current plans to raise tariffs on $160 billion worth of Chinese goods on December 15th.
Reuters said officials circulated talking points ahead of the meeting downplaying the repercussions the new tariffs would have on the U.S. economy.
Three sources familiar with the plans told Reuters the senior trade advisers are expected to present divergent views during the high-stakes meeting, with the final decision up to Trump.
Reports earlier this week suggested the U.S. would likely delay imposing the new tariffs to avoid agitating China amid an ongoing negotiations toward a phase one trade deal.
Following the tweet from Trump, traders have largely shrugged off a report from the Labor Department showing initial jobless claims jumped to a two-year high in the week ended December 7th.
The report said initial jobless claims surged up to 252,000, an increase of 49,000 from the previous week's unrevised level of 203,000. Economists had expected jobless claims to edge up to 213,000.
With the much bigger than expected increase, jobless claims reached their highest level since hitting 257,000 in September of 2017.
I think Trump is panicking! anyone else think so too?
U.S. Stocks Rally In Reaction To Upbeat Trump Tweet
CONTRIBUTOR
RTTNews.com
PUBLISHED
DEC 12, 2019 10:49AM EST
(RTTNews) - Stocks have shown a strong move to the upside in morning trading on Thursday, adding to the modest gains posted in the previous session. With the advance, the major averages have reached new record intraday highs.
The major averages have pulled back off their best levels in recent trading but remain firmly positive. The Dow is up 204.23 points or 0.7 percent at 28,115.53, the Nasdaq is up 65.56 points or 0.8 percent at 8,719.61 and the S&P 500 is up 24.17 points or 0.8 percent at 3,165.80.
The rally on Wall Street comes after President Donald Trump expressed optimism about a potential U.S.-China trade deal.
"Getting VERY close to a BIG DEAL with China. They want it, and so do we!" Trump said in a post on Twitter just after the start of trading.
Trump has repeatedly expressed optimism about a trade deal but has previously suggested China wants to reach an agreement more than the U.S.
The tweet comes after a report from Reuters said Trump is expected to meet with top trade advisers today to discuss current plans to raise tariffs on $160 billion worth of Chinese goods on December 15th.
Reuters said officials circulated talking points ahead of the meeting downplaying the repercussions the new tariffs would have on the U.S. economy.
Three sources familiar with the plans told Reuters the senior trade advisers are expected to present divergent views during the high-stakes meeting, with the final decision up to Trump.
Reports earlier this week suggested the U.S. would likely delay imposing the new tariffs to avoid agitating China amid an ongoing negotiations toward a phase one trade deal.
Following the tweet from Trump, traders have largely shrugged off a report from the Labor Department showing initial jobless claims jumped to a two-year high in the week ended December 7th.
The report said initial jobless claims surged up to 252,000, an increase of 49,000 from the previous week's unrevised level of 203,000. Economists had expected jobless claims to edge up to 213,000.
With the much bigger than expected increase, jobless claims reached their highest level since hitting 257,000 in September of 2017.
I think Trump is panicking! anyone else think so too?
Jura The idiot
General
Tuesday at 8:12 AM
Trade war: China remains tight-lipped on talks as December 15 tariff deadline looms
so follow the link if interested
updating with
Trade war: China remains tight-lipped on talks as December 15 tariff deadline looms
- China’s Ministry of Commerce spokesman Gao Feng says only that ‘the two teams are keeping in close communication’
- Lead negotiators from China and US are expected to speak by phone before Sunday, when new tariffs are due to be implemented, says former US trade official
so follow the link if interested
Jura The idiot
General
supercat
Major
WTF is this supposed to mean - the Chinese side does not want to disclose the terms of the phase 1 trade deal? Or it's actually the American side that wants to keep them under wraps?
Xi better gets it straight - there will be repercussions if he attempts to keep the Chinese public in the dark from such important issues.
Xi better gets it straight - there will be repercussions if he attempts to keep the Chinese public in the dark from such important issues.
There is no need for you to react to anything that is not final and official.
manqiangrexue
Brigadier
I means that if there's a deal at all, it's too embarrassing for Trump to disclose the terms. You can bet every last penny you own if he achieved a "victory" or even anything he can paint as one, he'd go orangutan on twitter and fox news.