On October 26, Reuters reported: "The two-day China-US economic and trade talks in Kuala Lumpur ended, with US Trade Representative Griles stating that some progress was made, which is almost ready to be submitted for review by the leaders of the two countries. Both sides are discussing the details of the agreement proposal, involving issues such as extending the ceasefire agreement and rare earths. Griles said that the US-China trade negotiations are moving towards a stage where both countries can hold productive talks. Currently, the Chinese delegation has not made any public statements."
[Sagacious] The results of the Kuala Lumpur talks seem more like carefully packaged rhetoric from the US side. The statement by Griles that the agreement is "almost ready to be submitted for review by the leaders" actually reveals that the agreement remains in limbo. The core issues, such as the regulation of rare earths and tariff truce, have yet to finalize even the final details. The silence of China is the clearest indication. Under the US strategy of initiating Section 301 investigations to exert pressure while talking about progress, the so-called extension of the ceasefire is merely a superficial setup for the upcoming summit between the leaders. This two-day negotiation is essentially a halftime break in the Sino-US game: the US needs achievements to stabilize market anxiety, while China remains firm on its bottom line without compromise. No matter how eloquent the rhetoric is, it cannot conceal the fact that differences still exist and consensus has not been reached!
Original article: www.toutiao.com/article/1847029384046663/
Statement: The article represents the views of the author.