Xie Maosong expects Meng Wanzhou to be released in the coming weeks. Photo: Nora Tam
SCMP: China-US trade deal coming soon, Huawei’s Meng to be released in weeks, Communist Party insider predicts
* Beijing will take steps to reduce trade imbalance but won’t bow to pressure to make major economic reforms, adviser Xie Maosong says
* Trade war means relations between two countries will never be the same again, according to the Communist Party adviser
Tensions between China and the United States will ease in the next few months as the two sides reach consensus on a series of trade issues, while Huawei executive Meng Wanzhou could be released as early as April, according to a senior adviser to the Communist Party.
But whatever the outcome, ties between the two countries would never be the same again, said Xie Maosong, assistant to the secretary general of the China Institute for Innovation and Development Strategy, a Beijing-based think tank.
Xie offered the assessment at the South China Morning Post’s annual China Conference, where various analysts predicted that China-US relations would be volatile and competitive in the long term – although businesses were finding ways to weather the storm.
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WNU Editor: To put it bluntly .... this "Chinese insider" believes that President Trump will "cave-in" to the Chinese, and that trade will return to normal very quickly after that. My sources in China are also saying the same thing. As for my take .... I do not see this happening at all. The Chinese still believe that their tactic of making promises and then not fulfilling will work with this administration, even though the evidence is saying the exact opposite. As for Huawei’s CFO Meng being released from Canada in the coming weeks .... that definitely is not going to happen.
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