Market Talk for February 22nd, 2021

by Martin Armstrong
Armstrong Economics

ASIA:

Senior Chinese diplomat Wang Yi said on Monday the United States and China could work together on issues like climate change and the coronavirus pandemic if they repaired their damaged bilateral relationship. Wang said China is willing to reopen constructive dialogue with Washington after relations between the two countries sank to their lowest in decades under former president Donald Trump. Wang urged Washington to respect China’s core interests, stop “smearing” the ruling Communist Party, stop interfering in Beijing’s internal affairs, and stop “conniving” with separatist forces for Taiwan’s independence.

China will push forward rural land reforms in a cautious manner as it tries to balance bolstering food security, particularly during the coronavirus pandemic, with economic growth.

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