China wants more before signing the light deal as its economy is collapsing

Playing poker with Xi is not easy – China wants more before signing the light deal t.co/18fBvOApsk

— The Market Ear (@themarketear) October 14, 2019

Chinese economy headed for the worst quarter in 2019, below 6% GDP – BBG

— FXHedge (@Fxhedgers) October 14, 2019

Observations from a smaller limb.

Seems numerous reports out that China is having export problems these day.

SCMP:

“China’s exports growth in biggest drop since February, as U.S. trade war continues to hammer economy.”

• Both exports and imports fell by more than expected in the world’s second largest economy in September, with US tariffs causing serious issues for China’s trade
• US President Donald Trump said China agreed last week to resume buying US farm goods as part of a deal that will also delay a tariff increase set for Tuesday

www.scmp.com/economy/china-economy/article/3032768/chinas-exports-suffer-biggest-drop-february-us-trade-war

reuters:

“ China’s nine-month exports to U.S. down 10.7% in dollar terms.”

www.reuters.com/article/us-usa-trade-china-figures/chinas-nine-month-exports-to-u-s-down-10-7-in-dollar-terms-idUSKBN1WT068

 

AC