Sinocism China Newsletter

2 weeks ago | sinocism.com | Bill Bishop

Summary of today’s top items:1. PRC affirms the London understandings, with few details - The Ministry of Commerce spokesperson He Yadong said:The two sides reached a principled consensus on a framework of measures to implement the important understandings reached during the June 5 phone call between the two heads of state and to consolidate the outcomes of the Geneva economic and trade talks. New progress was made in addressing each other's economic and trade concerns.

2 weeks ago | sinocism.com | Bill Bishop

The American and Chinese negotiators agreed on framework of measures to get back to the framework they thought they agreed on in Geneva a couple of weeks ago. It sounds like the PRC side has agreed to resume exports of rare earth magnets to civilian end users for six months, but not military ones, which is not going to happen.

2 weeks ago | sinocism.com | Bill Bishop

Show Notes:On today’s show Andrew and Bill begin with a call between President Trump and Xi, two days of meetings between the U.S. and China in London, and an apparent effort from both sides to de-escalate. Topics include: retracing steps of the past few weeks, clarity for the U.S. and others on the PRC’s leverage over rare earths, the possibility of the U.S. easing tech export controls, and the lack of trust on both sides in the wake of the past few months.

2 weeks ago | sinocism.com | Bill Bishop

Summary of today’s top items:1. US-China talks continue - The talks did not conclude Tuesday. US Treasury Secretary Bessent is returning to the US for Wednesday testimony on Capitol Hill. As I wrote yesterday I am skeptical given the rare earths leverage the PRC has demonstrated that the US only rolling back the measures taken since the Geneva meeting will be enough for the PRC side. 2.

2 weeks ago | sinocism.com | Bill Bishop

Summary of today’s Essential Eight:1. Day one of US-China talks in London - The teams met for seven hours, and there are no reports of any deal yet. I expect any deal that come from this round of talks will include the US walking back the recent controls on exports related to COMAC’s commercial airplane program, the ones related to industrial commodities, including for ethane and nuclear-related goods and EDA software.