Kevin Rudd: China Isn't 'Desperate' for a Trade Deal with the U.S.
Kevin Rudd on CNBC
ASPI President Kevin Rudd joins CNBC’s Squawk Box Asia to discuss China’s position leading up to the May 9 U.S.-China trade talks in Washington, D.C.
Rudd argues that “any American assumption that China is…economically desperate is not well placed.” Social media and news commentary in China indicate a “movement of low-level defiance,” Rudd says, while stimulus measures allow China to approach these negotiations in what he describes as “a considerably stronger economic position in its own self-perception, and in the numbers” than six months ago. Rudd notes substantive issues at stake, including U.S. frustration with the absence of promises to integrate the bilateral agreement into Chinese law.
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