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Media Report
November 30 , 2018
  • CNBC reports: "The U.S. and China could be in the early stages of a Cold War, veteran economist Stephen Roach told CNBC Friday, warning the global trade dispute is likely last for a 'long, long time.' His comments come ahead of a high-stakes meeting between President Donald Trump and Chinese premier Xi Jinping this week, as world leaders gather at the G-20 summit in Argentina. Simmering trade tensions between the world's two largest economies are expected to dominate the summit's agenda, with financial markets closely monitoring the prospect of a potential breakthrough." 
  • The Wall Street Journal reports: "China's critical manufacturing sector appears to be stalling, with a gauge of activity ticking down in the latest sign of weakness for the economy. The government reported Friday that the official manufacturing purchasing managers index fell to 50.0 in November—the threshold between expansion and contraction. November's reading is slightly below October's level and lower than some economists expected.The reading adds to a picture of a Chinese economy that is slowing broadly—something that President Trump has said puts the U.S. in a stronger position to negotiate concessions from China in their trade battle. Mr. Trump and Chinese President Xi Jinping are set to discuss the trade friction when they meet for dinner Saturday following a summit of the Group of 20 major economies." 
  • CNN reports: "One of President Donald Trump's hardest-line advisers on China trade, Peter Navarro, will participate in a Saturday dinner meeting with Chinese President Xi Jinping, according to a person familiar with the plans.Navarro's presence at the dinner table alongside Trump reflects a change in plans after the White House said Navarro wouldn't join Trump's more moderate advisers like Treasury Secretary Steven Mnuchin for the trip to Argentina.The author of a book titled "Death by China," Navarro has butted heads with other advisers who have pushed Trump to adopt a more moderate approach toward China. He's pressed for maintaining the tough set of tariffs that have spurred tit-for-tat retaliation from Beijing." 
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