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Zero Hedge — Trump Won’t Accept Trade Deal Unless China Opens Market To Manufacturers, Bankers And Farmers

Summary:
The message to the CCP: Abandon control of the commanding heights. Will China buy it? If it does, it's the beginning of the end for China socialist experiment, as Michael Hudson warned on his recent visit there. Hudson was particularly strong on not opening up financially, which it seems, on the surface at least, that China has already committed to do.If it does, China goes full-on capitalist. This hardly means that China becomes a permanent US vassal, however. The driving force is nationalism and not socialism, and time is on China's side, whichever alternative prevails.Moreover, China is playing the long game and will do what it takes as long as it takes to gain superior leverage geopolitically and geostrategically. In the long run, China will not accept being a US vassal.Zero

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The message to the CCP: Abandon control of the commanding heights. Will China buy it? If it does, it's the beginning of the end for China socialist experiment, as Michael Hudson warned on his recent visit there. Hudson was particularly strong on not opening up financially, which it seems, on the surface at least, that China has already committed to do.

If it does, China goes full-on capitalist. This hardly means that China becomes a permanent US vassal, however. The driving force is nationalism and not socialism, and time is on China's side, whichever alternative prevails.

Moreover, China is playing the long game and will do what it takes as long as it takes to gain superior leverage geopolitically and geostrategically. In the long run, China will not accept being a US vassal.

Zero Hedge
Trump Won't Accept Trade Deal Unless China Opens Market To Manufacturers, Bankers And Farmers
Tyler Durden

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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