The surprise trade deal between China and the US on beef and financial services is lacking real substance, tells economist Arthur Kroeber and author of China’s Economy: What Everyone Needs to Know® at USagnet.
“China has made a few modest concessions that cost it very little, in areas strategically picked to maximize the political benefit to Trump,” said Arthur Kroeber, managing director of Gavekal Dragonomics, an economic research firm in Beijing. “But the substantive impact on US-China trade and investment flows is pretty minimal.”
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