Wall Street Journal reports China promises not to devalue the yuan ...Middle East

Beijing Prepares Its Opening Bid to Talk Trade With Trump

The mish mash of ideas China has to negotiate with Trump, the Journal cites (according to unnamed sources), include:

Going back to a previous trade deal from 2020Phase One deal required China to increase purchases of American goods and services by $200 billion over a two-year period. Analyst estimates say China bought only 58% of the U.S. goods it had committed to purchase.Offer to make more investment in the USNot to devalue the yuan to find competitive advantage

This is all a bit vague, but it's a start maybe.

This article was written by Eamonn Sheridan at www.forexlive.com.

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