China Frustrated With EU, Open to UK Trade Deal

ANGLO-SINO-TRADE

Xing Houyuan, a director of the state-backed Chinese Academy of International Trade and Economic Cooperation, has said that China is open to launching trade negotiations with the UK and that it was being frustrated by the EU in its current trade negotiations. According to a report in the China Daily, “the situation in Western Europe will push China and the UK to make a trade treaty”. With the EU-US trade deal stalled and moves in the US to put the UK at the front of the queue, the post-Brexit situation is looking very different to how the experts predicted…

Britain’s embassies overseas now have some work to do. Getting trade deals done over the next two years…




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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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