The New York Times is reporting that China has been beefing up its trade negotiations team. This could indicate that they are more willing to work with the U.S. to come up with a compromise trade deal. From the linked article:

BEIJING — Two weeks before talks between the United States and China broke down, Beijing quietly called one of its most formidable trade negotiators out of a pre-retirement posting.

The negotiator, Yu Jianhua, a 28-year veteran of trade talks with American officials and at the World Trade Organization, returned to Beijing in mid-April from his position as China’s ambassador to the United Nations’ offices in Geneva. With his appointment, the Chinese government began to address an experience gap that could be holding it back as it tries to resolve a potentially devastating trade war with the Trump administration.

It is unclear how or whether a previous lack of trade-policy experience on China’s negotiating team contributed to the breakdown in negotiations last month. American officials walked away from the talks after their Chinese counterparts deleted page after page of provisions from a draft pact. The approval for such an assertive move almost certainly would have come directly from President Xi Jinping, the country’s top leader.

{ 0 comments }

Good News for Veterans on D-Day

by Laura Ehrenberg-Chesler on June 6, 2019 in Healthcare

From USA Today: “Veterans will have expanded access to medical care outside Department of Veterans Affairs facilities beginning Thursday under a law signed by President Donald Trump last year and touted as a major achievement by Trump on the campaign trail. Rules established under the law and published Wednesday in the Federal Register say the VA […]

Read the full article →

The Market Falls Again on Trade Worries

by Marilou Moursund on May 9, 2019 in equity market

After a quiet day yesterday, the market is again falling on the possibility of a protracted trade war with China. From the linked CNBC article: Stocks steadied Wednesday after two days of brutal selling that particularly slammed companies and sectors with exposure to China, like Caterpillar and the semiconductor industry. The market lost its gains late in […]

Read the full article →

China’s Xi discusses Reforms

by Laura Ehrenberg-Chesler on April 26, 2019 in Foreign Markets

CNBC reported today that China’s Xi Jinping spent a good portion of his speech about global trade talking about reforming his country’s approach on this issue. “Instead of focusing solely on his signature investment initiative, Chinese President Xi Jinping spent a good portion of a speech at the Friday opening ceremony of China’s Belt and […]

Read the full article →

Social Security…..Americans should save more

by Laura Ehrenberg-Chesler on April 23, 2019 in lifestyle

From today’s WSJ: “The Social Security program’s costs will exceed its income in 2020 for the first time since 1982—two years later than officials projected last year—forcing the program to dip into its nearly $3 trillion trust fund to cover benefits. But by 2035, those reserves will be depleted and Social Security will no longer […]

Read the full article →

Mice and Aging

by Laura Ehrenberg-Chesler on March 27, 2019 in lifestyle

In today’s “Wall Street Journal” there is a fascinating article on the importance of mice to the research of aging. Grace and Blanche, two old mice who were second cousins, reached relative fame before dying within months of each other at their home in Bar Harbor, Maine. Known fondly as the Golden Girls at Jackson […]

Read the full article →

Learning a New Trick from my Old Dog: Friendship- from the WSJ

by Laura Ehrenberg-Chesler on March 18, 2019 in lifestyle

As a dog lover, I really enjoyed Dave Barry’s essay today in the Wall Street Journal about learning to be more open like his dog. From the linked article: I turned 70 in the same year that my dog, Lucy, turned 10—or, in dog years, 70. So we’re basically at the same stage of life, […]

Read the full article →

Corporate Tax Cuts

by Laura Ehrenberg-Chesler on March 13, 2019 in corporate buybacks

From CNBC this morning: “A Goldman Sachs analysis out last week suggests there are misconceptions around the impact of President Donald Trump’s tax cuts. Many on Wall Street and Capitol Hill have said the tax cuts are being spent on corporate stock buybacks and not capital expenditures. Stock buybacks have been under attack on Capitol […]

Read the full article →

Fed Chair Affirms Patient Stance

by Marilou Moursund on February 26, 2019 in Economic Indicators

The Chairman of the Federal Reserve, testified before Congress today. He affirmed that the Fed would remain patient and data dependent when deciding whether or not to raise interest rates. From the linked WSJ article: Fed officials raised their benchmark short-term rate four times last year, most recently in December, but have since signaled further […]

Read the full article →

Retail Sales and the Economy

by Laura Ehrenberg-Chesler on February 20, 2019 in Economic Indicators

December retail sales were disappointing. Investors are concerned that this may presage a slowing economy in the near future. But after those sales numbers were reported, some additional data was released that may contradict the growing concern about a near term slowdown. Goldman Sachs recently reported that “several of the fundamental drivers of consumer spending, […]

Read the full article →