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China reportedly looking to narrow scope of trade negotiations with US to break deadlock

“I reckon this will be the Chinese proposal in October and if this gets shot down, it will be another major setback for trade relations between the two countries” reports forexlive.com. The report comes from the WSJ and says that China is looking to narrow the scope of its negotiations with the US to only trade matters with officials hoping that such an approach would help both sides resolve more immediate issues and break the current impasse.Essentially, it also benefits Trump ahead of his election bid next year if they can work towards a trade-only deal (which doesn’t include firm commitments on the yuan, IP protection or restrictions to Chinese companies).
 
Source: forexlive.com



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