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Tue May 21, 2019, 07:00 PM

Xi Jinping says China is embarking on a 'new Long March,' signaling no end to trade war soon

Source: CNBC

Xi Jinping says China is embarking on a ‘new Long March,’ signaling no end to trade war soon

PUBLISHED TUE, MAY 21 2019 9:30 AM EDT UPDATED TUE, MAY 21 2019 11:40 AM EDT

Yun Li

Chinese President Xi Jinping ramped up his rhetoric yet again on the trade war.

“We are here at the starting point of the Long March to remember the time when the Red Army began its journey,” Xi said at a rally in Jiangxi province during a domestic tour. “We are now embarking on a new Long March, and we must start all over again!” according to a report from the South China Morning Post.

Although he didn’t mention the U.S. or the ongoing trade war, the remarks are interpreted as a clear sign that China is not going to cave in anytime soon. Chinese Vice premier Liu He, a top trade negotiator, was with Xi during his tour, according to the report. The “Long March” refers to China’s civil war in the 1930s.

Xi also visited rare earth mining and processing facilities on Monday, the report said. There has been speculation that China could ban rare earth exports to the U.S. if the trade war escalates, according to the South China Morning Post.

-snip-


Read more: https://www.cnbc.com/2019/05/21/xi-jinping-says-china-is-embarking-on-a-new-long-march-signaling-no-end-to-trade-war-soon.html

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Reply Xi Jinping says China is embarking on a 'new Long March,' signaling no end to trade war soon (Original post)
Eugene May 21 OP
Chin music May 21 #1
soryang May 22 #2

Response to Eugene (Original post)

Tue May 21, 2019, 07:03 PM

1. Wait til China calls in those loans.

trump will do a rally, go golfing, and Americans will pay the vig, as usual.

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Response to Eugene (Original post)

Wed May 22, 2019, 01:52 AM

2. Well there's McDonalds, Starbucks, and Apple

The US has massive exposure in China in foreign subsidiaries owned by US multinationals. Curiously, or not so curiously, their massive sales inside China are disregarded when estimating who will be hurt the most by a trade war.


(Source- CNBC, youtube 5.21)

The CNBC youtube video is cross posted in multimedia.

https://www.democraticunderground.com/1017541906


the number that tells a different story of US-China trade

How hundreds of billions of dollars in US multinational corporate sales in China and overseas generally are excluded from discussion in the anti-Chinese trade war/trade deficit hysteria.

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