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Global Times editor: China and US didn’t hold phone talks in recent days

  
  Analysis
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Comments by Global Times editor-in-chief, Hu Xijin

The tweet reads:

“Based on what I know, Chinese and US top negotiators didn’t hold phone talks in recent days. The two sides have been keeping contact at technical level, it doesn’t have significance that President Trump suggested. China didn’t change its position. China won’t cave to US pressure.”

That is leading to a bit of a retracement in risk assets again. USD/JPY has fallen from levels just under 106.00 to 105.70 currently. For some context, Hu is often seen as a soundboard to the international community from the Chinese camp.
Though once again, I would still chalk this to more of a case of not confirming Trump’s earlier remarks rather than outright denying them. However, I reckon his remarks on China not changing its position or caving to US pressure holds true.

Global Times Xijin: China will focus on national strategy under a prolonged trade war

  
Analysis, Politics
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China Global Times Editor Hu Xijin tweets

China’s Global Times editor Hu Xijin is tweeting:
China Global Times Editor Hu Xijin tweets
Xijin is thought to be a sounding board for the government of China but don’t be fooled… the thoughts are meant to manipulate.
For example, he tweeted yesterday, maybe in hopes to make people (Trump?) think that the trade talks were not bad.   In reality, things did not go well.
Hu Xijin tweet...
The tweet above, is intended to portray a China that is not concerned.
Trump meanwhile commented in his impromptu press conference, “That if China does not want to trade, that is fine with him”.
Now there is a level of dealmaking gamemanship from Pres. Trump as well.  Who holds the stronger hand in this game of chicken?  It seems the US does (but with some casualties too), but that does not mean China will admit guilt on things like IP theft anytime soon.  The war continues
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