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The next date to watch in the US-China trade war is Dec. 18, expert says

2018-12-04 10:51:10       source:CNBC

December 3, 2018

The next crucial date to watch for clues on where the trade war is heading may be just around the corner — way before the end of the 90-day period that U.S. President Donald Trump and Chinese President Xi Jinping have agreed on to withhold further tariffs.

China marks the 40th anniversary of its economic reforms on Dec. 18, which is an occasion Beijing could use to emphasize its commitment to transform its economy, noted Scott Kennedy, deputy director of the Freeman Chair in China Studies and director of the Project on Chinese Business and Political Economy at the Center for Strategic and International Studies.

“If that day or week goes by with no major new announcements, then we know that for sure there’s not a possibility that the Chinese want to use this as an opportunity to change the direction of their economy and industrial policies,” Kennedy told CNBC’s “Squawk Box” on Monday.

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