Xi Jinping said early today in the Asia of Davos event that he will remove barriers to Chinese markets (automobiles in particular), help protect foreign IP (as long as foreign governments protect Chinese IP), and enter a new era of cooperation. Future skyrocketed instantly. Buy Ford, GM, and Fiat | $GM, $F, $FCAU: $AAPL, Apple Inc. / H1 GM: $GM, General Motors Company / H1 FCAU: $FCAU, Fiat Chrysler Automobiles N.V. / H1 User persaye writes:Trump wins short-term, Xi wins long-term. Why? Trump gets his pride back out of this exchange after getting hit with a pointed barb at his political base (soybean tariffs) and gets to walk away with a political victory after gaining some concessions (auto market, IP protection) This leaves more room for Xi to exercise pressure backstage without Trump losing face. China has been playing this game for the past decade - make promises, fail to fulfill them or fulfill them partially, and hope nobody notices. Notice the way Xi's concessions are worded - opening auto market (benefits China just as much as anyone else), beef up internal IP enforcement board (a CCP arm under Xi's thumb, Xi can decide which IP to enforce and which to overlook, notice no mention of involving international representatives in this "enforcement"). This bait and switch is central to China foreign policy and the West is just beginning to notice - cue all the furor in the Economist and other papers "OMG we let China get away with looting our economy for the past 2 decades so why aren't they a free-market democracy yet???" (https://www.economist.com/news/leaders/21737517-it-bet-china-would-head-towards-democracy-and-market-economy-gamble-has-failed-how)China never had much leverage to begin with, smth that Trump did point out - there wasn't much else China could slap tariffs on that could match the $150B due to the trade deficit. Why would China escalate, kill the goose with the golden egg, and cut short a game that they're already winning?China gains points with risk-averse foreign capital for deescalating the situation - by placating Trump's white house, China gets to walk away from this looking like the better man so they can continue deflecting attention from an economic and trade status quo tilted in their favor. this position, especially at a forum created with the aim to position China as a stable leadership alternative to the U.S., is just one thrust in a campaign directly targeted at drawing in further international investment to stabilize China's economic growth and further consolidate Xi's grip on power $FXI, iShares China Large-Cap ETF / H1 Trade wars are easy to win - Agree or disagree?