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Expectations low for Trump-Xi talks, preparations limited


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Positivity     32.00%   
   Negativity   68.00%
The New York Times
SOURCE: http://feeds.reuters.com/~r/reuters/topNews/~3/mkIMpjNuEtg/expectations-low-for-trump-xi-talks-preparations-limited-idUSKCN1TD0DR
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Summary

7 Min ReadWASHINGTON/BEIJING (Reuters) - With under three weeks to go before proposed talks between the Chinese and U.S. leaders, expectations for progress toward ending the trade war are low and sources say there has been little preparation for a meeting even as the health of the world economy is at stake. A senior Chinese official told U.S. business representatives last week that preparations had yet to begin for either a Trump-Xi meeting or to resume trade negotiations, a source with direct knowledge of the briefing said. “China will not want Xi go into a meeting where he may be embarrassed.” Eswar Prasad, a trade professor at Cornell University and a former head of the China department at the International Monetary Fund, said expectations from any talks were low. “The best-case outcome from a Trump-Xi meeting, which seems a dubious proposition at this stage, would be an agreement for the two sides to resume talks,” said Prasad, who is in touch with Chinese officials.

As said here by David Lawder