China, Beijing, Washington discussed on PRI's The World

PRI's The World
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Automatic TRANSCRIPT

Econo- fact dot org michael. What is your sense are the u._s. Lesson china heading back to the negotiating table. I think it's very hard to tell at this point because we've been whipsawed back and forth with contradictory information and in the pass the president has said things about trade deals being completed when in fact they weren't and we just don't know at this point. Why do you think the markets appear to be responding positively. You can't read too much into any small movement of the market. It looks much worse so people thought things are going to go really badly. Maybe there's a little bit more. Hope nope but again a small positive move in the market might reflect things are really really terrible rather than things aren't really really really tara breath. How does china see how much china hurting from the trade war is is the pain making them reconsider negotiations. Do you think there's evidence that the chinese economy is slowing down in the trade. War probably has something to do with that but the trade war doesn't help us really either <hes> inflicting pain on the world economy comes back to get us as well. You know a lot of people look at the white house and believe that nothing's going on but you know some people do believe that the white house has a strategy to try to separate the u._s. economy from the chinese chinese economy in terms of reducing interdependence for goods and services. Are you seeing that and do you think it's a good thing. I think that there is an effort to separates separates united states economy from china but i don't think that's a good thing international. Supply chains are so pervasive now that an effort to try to separate a country intrigue that has been an important part of international supply chain is going to be very disruptive for firms in the united states so finally house all this changing the chinese nineties perception of washington what is beijing right now not just the trump administration but what does beijing see with the u._s. Government more broadly. I think one thing to keep in mind is that beijing is not a unitary actor. There are different interest groups. There's the people's bank of china there's a trade group and so on and what they're seeing probably ably most prominently is the inconsistency in the policy and trying to figure out how to out with that inconsistency in some ways people might think that this this is a good thing but on the other hand the real problem with china has to do with things like intellectual property things that would have been much better address through a multi see national effort through for example the trans-pacific partnership but that was scuttled in the very first days of this administration. Are the chinese getting any more fluent with the inconsistency instances in washington. I don't think anyone is getting any more fluent with the inconsistency in washington by definition. The inconsistency is very difficult to follow michael klein professor of economics at tufts and editor of the contract dot o._r._g..

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