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China State-Run Media Praises Trump for Trade Talks ‘Breakthrough’

New reports from Chinese new outlet editor show promise

 on 14th October 2019 @ 6.15pm
china had not yet confirmed various of the specifics of the deal yet © press
China had not yet confirmed various of the specifics of the deal yet

China has seemingly pushed back on reports it was backing off from President Donald Trump's “phase one” of a trade deal on Monday.

The Global Times editor, China's state-run media mouthpiece, tweeted trade talks had “made a breakthrough.”

Hu Xijin said although the initial statements coming out of China had been “moderate," it shouldn't be interpreted as a lack of enthusiasm for the deal.

But China had not yet confirmed various of the specifics of the deal, including the plan for the country to buy up tens of billions of dollars worth of agricultural goods, according to Bloomberg.

both cnbc and bloomberg reported china wants another round of talks before the  phase one  deal would be agreed upon © press
Both CNBC and Bloomberg reported China wants another round of talks before the 'phase one' deal would be agreed upon.

Treasury Secretary Steven Mnuchin said he expected those tariffs would still be applied if the U.S. and China failed to reach a final deal by then.

Both CNBC and Bloomberg reported China wants another round of talks before the “phase one” deal would be agreed upon.

The different Tones from the Chinese state media outlets and rump administration were note by Traders on Wall Street.

initial reports in china noted  substantial progress  had been made  but feel short of calling it a  deal © press
Initial reports in China noted 'substantial progress' had been made, but feel short of calling it a 'deal'

Initial reports in China noted “substantial progress” had been made, but feel short of calling it a “deal.”

In August, Neon Nettle reported Chinese markets were continuing to tank as the currency plummeted to an 11-year low.

Chinese officials signaled the country was seeking a "calm" end to its ongoing trade war with the United States.

Asian markets crumbled, and China's currency bombed following the Trump Administration's latest tariffs on $550 billion in Chinese goods.

Trump said that officials from China called requesting U.S. officials "get back to the table" to make a deal, The Wall Street Journal reported.

[RELATED] Trump Admits ‘Second Thoughts’ on Escalating China Trade War - 'Why Not?'

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