Friday, October 26, 2018

China has been prepared to wait out its adversaries for hundreds of years



 Why should it be any different now with Trump? From their point of
view, why should they make a deal with Trump? in 1, 2, or 4 or 6 years
Trump will be gone either because he is impeached (very likely if Democrats 
take the House in a few days), or even if he dies (likely to the Chinese because
of Trump's age) and the fact that he is the oldest president ever inaugurated in 
U.S. History. So, from a Chinese perspective (and from a Democratic perspective 
too, Trump is a complete anomaly sort of like going back to the 1950s or even 1930s.
So, all they have to do is to wait him out and they don't have to make any deal at all.
They see him as an anomaly soon to be gone.
begin partial quote from:
Still, any impact of Chinese stocks on the broader population is minimal compared with the United States. Barely 9% of all Chinese household assets are in stocks -- one-fifth of the amount in the US -- while 72% of Chinese savings are in cash. By contrast, at least 54% of all Americans own stocks. That number has declined over the past decade, according to Gallup, but it's still more than five times the percentage of stock ownership in China. And many of these Americans, for better or worse, are betting their retirements funds on the health of the market.
But Chinese officials do not seem to be in any rush to negotiate. As Larry Kudlow, director of the president's National Economic Council finally admitted the other day: "We gave them a detailed list of asks, regarding technology for example, (which) basically hasn't changed for five or six months. The problem with the story is that they don't respond. Nothing. Nada. It's really the President and the Chinese Communist party, they have to make a decision and so far they have not, or they have made a decision not to do anything, nothing. I've never seen anything like it."
Of course he hasn't. This is not a negotiation over a new real estate or casino project. "The Apprentice" might have a resolution in 52 minutes, but China has been prepared to wait out its adversaries for hundreds of years. This time is no differ

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