Larry Kudlow: The Chinese Economy Is Still on Its Back Foot

EXCERPT:

KUDLOW: “But first up — for Iran, don’t count on China. That’s the subject of The Riff. Of course, the Trump-Xi — Trump-Xi Jinping summit in Beijing is going to spend some quality time on things like trading soybeans and rare earths and fertilizers and NVIDIA chips and AI competition and Boeing airplanes and of course, Taiwan, the one wonders how closely the Chinese have been watching. Incredible military might and how we’ve taken control of the Arabian Gulf and could do the same with the Strait of Malacca. Kind of suggests to me China is not really itching for a war over Taiwan independence and the Chinese economy is still on its back foot, still not recovering from the prosperity crash of the few years ago, while the American economy is strong and resilient. But all that said, I don’t think any of those topics will be permitted to become confrontational at this summit. The one year detente agreement over tariffs and trade is likely to be extended.”