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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-
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
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
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.
