China Needs Trade Deals to Continue Growth

March 11, 2019 03:04 PM

A U.S. China trade deal continues to move closer. Chinese officials saying they're working with their U.S. counterparts day and night.  The Chinese Vice commerce minister says he is optimistic about the next step in the trade war talks.  He said slapping tariffs on each other was bad for workers, farmers, exporters and manufacturers.

It's still not known when the Presidents of the U.S. and China will meet face to face, but outside analysts say there is plenty of pressure pushing both sides toward a deal.

Craig Turner, a broker with Daniels Trading and the author of 'Turner's Take' a newsletter and podcast, told AgDay TV's Clinton Griffiths China's need for continuing to increase productivity is driving some of these decisions.

"China's not growing as much as they used to based on innovation," says Turner. "What they're going to need is technology and access to innovation."

Watch the entire conversation in the video clip above.

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3/12/2019 06:50 AM

  I think the farmer will be the only one out of this trade deal with china that will get something of substance. The horse has be out of the barn for 20 years on this intellectual property rights.

Hazelwood, MO
3/12/2019 06:42 AM

  This article says a whole lot about NOTHING. Of course the Chinese want a trade deal and of course it has an impact on their growth. As a farmer I have had years when yields were down, but that didn't stop me from continuing to farm and make progress. Lack of a trade deal won't break the Chinese either and they are going to be stubborn in resisting changes that don't carry some benefit for them. After all, they are not the ones that started this idiotic trade war. Mr. Trade Wars Are Easy To Win is big on promises and short on deliveries. If you are holding out hope that huge advantages arise from these negotiations you are a bigger fool than tRump.