China's efforts to appease the White House too little too late

China has made an opening bid to the US on trade ahead of Trump-Xi meeting later this month on the 26th Nov in Buenas Aires at the G20, creating an opportunity for the US government to respond.

However, the proposal has been described as a rehash of previous commitments Chinese leaders previous announced, like selectively lifting tariffs. The opening bid has also fallen short of many of the core demands the White House wants to hear from Beijing which likely leaves the two sides remain at an impasse.

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However, markets seem to have taken the news as a positive with a bounce in US stocks, but perhaps clutching at straws hungry for any form of good news considering the political turmoil that Brexit and Italy continue to throw up on a daily basis. It appears, however, that the Chinese have not offered enough and too little too late in order to appease the White House and to push the negotiating process to a positive outcome.