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Tuesday, May 15, 2018
U.S. Focuses More on U.S.-North Korea Talk, Not on China-U.S. Trade
ANBOUND

In the early morning of May 14, the U.S. President Donald Trump tweeted that, 'President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast'. This tweet has excited the Chinese society and even stimulated the capital market. However, it does not seem necessary for China to be over-excited about the changes of the fate of ZTE. First, the outcome of the China-U.S. trade negotiations remains uncertain, and there are variables in the ZTE incident; second, the U.S. government's current attention is focused on the U.S.-North Korea talks. When this major event is over, it can be seen whether the ZTE incident has really eased.

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