FAST FIVE: Duelling US-China Trade Headlines Spark Chaotic Volatility In Futures
As other newswire reported earlier, during the discussions on Monday and Tuesday in Washington, the Chinese refused to talk about forced technology transfers, one source said, which is a core US grievance regarding China's economic policies.
And confirming that the week's entire negotiation was a fiasco from the start, the SCMP reports that the Chinese delegation is planning to leave Washington on Thursday – one day early – and after just one day of principal-level talks, the SCMP source noted.
Beijing's negotiating team, headed by Vice-Premier Liu He, had previously planned to leave Washington late on Friday, allowing for up to two full days of talks.
It appears that this week's NBA fiasco may have been the straw that broke the camel's back: Fallout from an NBA team general manager's message of support for Hong Kong protesters has roiled public opinion on both sides.
The Chinese government shot back, calling for an immediate reversal in the administration's actions.