Archives of “June 2, 2019” day

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Xinhua – Chinese authorities to launch an investigation into FedEx

  
  Analysis

The news during the week was FedEx had been said  to have not delivered items addressed to Huawei.

Huawei said the courier diverted two parcels sent from Japan to Huawei locations to Asia to the US, and also attempted to do so for two items sent from Vietnam.
Xinhua says China is to “file a case for investigation of FedEx on suspicion of undermining the legitimate rights and interests of Chinese clients”
  • The U.S. company has recently failed to deliver express packages to designated addresses in China
  • seriously damaging the lawful rights and interests of its clients and violating laws and regulations governing the express industry in China
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China will release a white paper on stance on trade negotiations on Sunday

  
  Analysis

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.
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