Dr M is right. sometimes, no deal is much better than lopsided deal. Same with US-Sino trade war. I believe China is ok with no deal, won't budge with any US's unreasonable threat. Same with BREXIT, no deal is much better than too much concession to Euro for the sake of an unfair deal.
Let me make a big guess. It must have to do with protectionist measures on our national cars. Dr M sure reject free competition in this area since 3rd national car in plan.
Among all participants in the RCEP, one nation which stands in stark contrast is India. India with the highest import tariff, local protectionist measures in everything join free trade??? You must be kidding. wakaka
Look at India's tariff on our palm oil. Everyone only condemn US but over-look India's crazy tariff...Now, palm oil ind. also almost dying already. wakaka
Europe always talk about free trade but do otherwise. Look at his super subsidy on local rapeseed oil by condemning our palm oil substainability. All these US, Europe...cakap tak serupa bikin one. wakaka
If India sign, can all palm oil enter with zero tariff? very unlikely as India use tariff to tackle slump of INR. we can bet India will pull out at the end. wakaka
Anyway, must teach this small potato a lesson. quoted Sin PM, Lee Hsien Loong; Come to certain stage, one may have to make a difficult choice btn USA and China. Wish nation all the best taking side with US. wakaka
Below my personal view: Bullish on RMB long term, Bearish on USD long term (OVER PRINTING LIKE BANANA TREE money).....if small potato choose wrong side, we're looking for death. wakaka
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chinaman
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Posted by chinaman > 2018-11-17 14:03 | Report Abuse
Dr M is right. sometimes, no deal is much better than lopsided deal. Same with US-Sino trade war. I believe China is ok with no deal, won't budge with any US's unreasonable threat. Same with BREXIT, no deal is much better than too much concession to Euro for the sake of an unfair deal.