China to offer information on its stance
The Global Times reports that Chinese leaders will publish a white paper on their stance on negotiations about trade with the US. It’s due out on 10 am Beijing time on Sunday with a press conference to follow.
I wouldn’t expect the white paper to contain anything too inflammatory but it will draw some red lines that the US may not be willing to negotiate around. However once China puts pen to paper, I don’t see how they can take it back. So on net, it sounds like a hardening of positions is coming but there’s no sense in speculating since the market isn’t open.