U.S. President Donald Trump's negotiators are set to meet Chinese officials this week to continue working on a trade deal.
U.S. President Donald Trump's negotiators are set to meet Chinese trade officials this week in an attempt to hash out a trade deal.
However, according to former Australian Prime Minister Kevin Rudd, any assumption in Washington that Beijing is"economically desperate" for a deal is not"well placed." "There's some preparation in social media for the possibility of the Chinese economy continuing even in the absence of a trade deal. So what I sense here is a movement of low-level defiance," Rudd said.
Rudd, for his part, said the"drama of the last several days" seems to be along the lines of an"American frustration" that Beijing's negotiating text"does not include a reference to China incorporating the proposed changes in the bilateral agreement into Chinese law." "Secondly, on top of that, if you look carefully in the fine print, designations for this visit no longer includes the particular designation that he's the special representative for Xi Jinping," he added.
"People often forget that, in one-party states like China, where you've got the Communist Party, there's big internal politics at play here as well and President Xi Jinping can't be seen to be weak," he told CNBC.
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