Quote (thesnipa @ May 31 2019 04:46pm)
Why would they make large concessions (long term trade deal) when they can just wait 4 years for a dem potus?
Change my mind . jpeg
-China is looking at the slowest growth in 30 years
-Their stock market has not been doing too hot
-China's debt is at record levels
-Not only is China slowing but pretty much the whole world. European central banks are at near zero interest rates and they are still struggling to kickstart their economies. If you can't kickstart growth when rates are near zero then that's troubling and both govt and central bankers are powerless.
4 Years is a long time to weather through an economic recession. I'm no expert, but it's possible that the swan dive of a global recession would hurt them much more than giving up trade concessions