At 10:22 am Beijing time on the 23rd (10:22 pm local time on the 22nd), US President Trump suddenly tweeted the following: The Sino-US trade agreement was completely unscathed. I hope they can continue to implement the terms of the agreement!

　　An intact (intact) is not enough, you have to add a fully (completely and completely) to emphasize; a hopefully still not enough to show the hope of the arms, but also exclamation marks to close.

　　In the end what happened?

　　It turned out that earlier in the day, Navarro, director of the White House National Trade and Manufacturing Policy Office, said in an interview with the Fox News column "The Story" that the Sino-US trade agreement has "over".

　　On the show, host Martha McCallum asked: "Do you think the president is a bit-I mean, he really wants to try his best to stick to this trade agreement? He hopes that they will honor their promises because of the trade agreement Progress has been made. But considering all that has happened and the things you just listed... Is this (trade agreement) over?"

　　Navarro replied: "Yes, it's over."

　　As soon as this remark came out, the US capital market immediately dived, the Dow Jones index futures fell by more than 400 points, the global financial market was shaken, and the risk aversion increased sharply, pushing the price of gold up sharply. Frightened by this, Navarro soon came out to refute his own rumors, claiming that what he said on Fox earlier was “seriously out of context and has nothing to do with the first-stage trade agreement that is still being implemented.”

　　Seeing that his teammates had dug such a big hole, Trump hurriedly tweeted to "save the field."

　　Fortunately, the stock index futures market bought the account, and the curve rebounded immediately. This is really: the operation is as fierce as a tiger, focusing on the spot pestle.

　　What do you think about this?

　　First, there is no doubt that this trade consultant, who has always claimed to be "hawks in the hawks", of course, is to cater to the audience of Fox, so as to show a tough image of China and want to fan the show.

　　Don't underestimate this show-according to data from Nielsen Media Research, the "Story" column hosted by Martha McCallum will be broadcast on the Fox News Channel at 7:00 PM on Monday to Friday, since 2017 In the three years since, it has ranked first in both the total number of viewers and the 25-54-year-old population (the most concerned communication target), and Fox itself and its audience are also known for their conservative style. In the interview, from vigorously touting Trump's tough policies to slandering China's lies on the New Crown virus, from US sanctions to the Pearl Harbor incident, trade advisers obviously have too much to say. Faced with Navarro's rhetoric, the host had to sum up and ask, what happened to the Sino-US economic and trade agreement? The latter announced without hesitation: "It's over." If there is no subsequent capital market response, Navarro will probably give a high score to his performance.

　　Second, is Fox misunderstanding? Fox: No.

　　As soon as this explosive news came out, the impact on the capital market was immediate.

　　At a glance at the wrong situation in Navarro, it is Fox's understanding to hurry to "dump the pot". He stated that his speech was "seriously taken out of context". He intended to just say that he lacked trust in China and the Sino-US economic and trade agreement is still being implemented.

　　And Fox is also not very happy. In the follow-up report, he went back directly. The title was "Peter Navarro walks back statement implying trade deal between Trump, China is'over'" ("Navarro withdrew his own hint that Sino-US trade has been " "End""), note that the word is "take back". At the beginning of the report, he pointed out clearly: Navarro just said on the program on Monday that the president decided to terminate the trade agreement with China, but after the stock futures market fell more than 400 points, he declared that he was "seriously taken out of context." Third, in Sino-US economic and trade relations, cooperation is beneficial to both sides, while fighting will hurt both.

　　As soon as I heard that the Sino-US agreement "over", the capital market fell sharply; when I heard that the Sino-US agreement was intact, the capital market rebounded immediately. Does this roller coaster ride up and down, can it not explain how urgent the market expects Sino-US cooperation?

　　American Fortune Magazine published a report titled "Trump threats "complete decoupling", but global investors are more optimistic about China than ever", citing a new report from global consulting firm Rongding Consulting, saying, "Since January this year Since then, foreign investment in China has been steadily increasing. The value of foreign M&A transactions in China exceeded the value of Chinese outbound M&A transactions for the first time this year." CNBC (US Consumer News and Business Channel) 22 also quoted the report as saying: "The past 18 In the past few months, foreign mergers and acquisitions entering China have reached levels not seen in the past 10 years.” And Huang Yixuan, managing partner of Deloitte’s Chinese financial services industry, said: “The Chinese market is very large, and many foreign (corporate) investors are focusing on Long-term business development in China."

　　According to the report, China’s large share of the global economy, the continued rise of China’s middle-income group, the relaxation of Chinese government’s restrictions on foreign shareholding in key industries such as automotive and financial services, and the maturity of Chinese companies have all increased significantly. It shows the interest of global investors in Chinese assets. In addition, China's effectiveness in curbing viruses has also helped global companies reopen their business in China faster than in North America and Europe.

　　China and the United States "cooperate for both benefits and fight for injury" has been repeatedly proved by practice. Still the same sentence: cooperation is the only correct choice between China and the United States.

　　Source: Sweet Aftertaste WeChat Official Account