Skip to comments.China's Reform Pledges Fail to Impress
Posted on 04/21/2018 5:20:50 AM PDT by cba123
BEIJING China has made a series of market opening pledges over the past week, but analysts said the moves are unlikely to help Beijing and Washington take any steps toward resolving their differences or advance negotiations. Instead, frustrations are growing as punitive trade actions pile up.
China has pledged specific steps to open up its financial and insurance sector with milestones set for June and again before the end of this year. It has also addressed a key concern of President Donald Trump, pledging to significantly cut 25 percent tariffs on automobile imports this year.
Beijing also says that by 2020, electric vehicle automakers will no longer have to enter into a joint venture to avoid tariffs and gain access to the Chinese market.
However, the moves have left few impressed, analysts said.
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(Excerpt) Read more at voanews.com ...
Last year, they ran a $375,000,000,000 trade surplus with America. It is thus far, even higher this year...
They make noises about fixing the trade situation, but continue to terribly abuse every single aspect of our relationship, in order to build up their economy, their manufacturing and technical capabilities, and not incidentally, their rapidly expanding military capabilities.
Trump you are right about China.
But you need to act. Not talk.
This has gone on for far too long already.
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