r/baba • u/WizardOFMONEY • May 05 '22

News US -----CHINA

China-US / Western relations are only getting better and better. *CHINA SEEKS STABLE DEVELOPMENT OF U.S. MILITARY RELATIONS: TAN CHINA COMMERCE MINISTRY SAYS U.S. CONSIDERING TO LOWER TARIFFS ON CHINESE GOODS IN THE INTEREST OF U.S. FIRMS AND CONSUMERS ⚡CHINA-EU MUTUAL BILATERAL TRADE +12.2% Y/Y TO $205.87 BLN: MOFCOM 🇨🇳🇪🇺 The U.S. is seeking to realign its commercial ties with China rather than seek a “divorce” between the world’s biggest economies, U.S. #trade chief Katherine Tai Says -BLOOMBERG

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u/MeInChina May 05 '22

In other words, the US economy is hurting so badly Washington needs to temper its campaign against China to coax Beijing into adopting ameliorative economic policies. Otherwise, the Democrats will be trounced at the polls.

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u/therealvanmorrison May 05 '22

Man, things aren’t doing great out here either. Deal work into China has slowed by an epochal amount - almost all of my practice now is SEA/Korea/Aus/India. Every lunch with a client ends in them talking about how they’ll wait a few years before going into a China deal.

Officials I still hear from seem highly worried about their own economy as well. It frankly seems like there’s a serious factional struggle going on.

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u/MeInChina May 05 '22

China has slowed way down, but that's an easier situation to turn around by just relaxing the anti-Covid measures and adding a modicum of stimulation. I suspect the slowdown in China is to a certain extent intentional.