Chinese Central Planners Forecast "Weak Growth" in Manufacturing and Housing…

Panda Reacts To Finding Lion Tracks Amid Shrinking Bamboo Forest !

A Chinese central planner, Zhang Yong, the vice-head of the National Development and Reform Commission (NDRC), made a statement today (during the communist party congress) that carries much more significance than most people recognize.

The statement was made on behalf of communist China’s central planners and is directed toward what sectors of their economy they will focus investment (emphasis mine).

BEIJING (Reuters) – China will introduce measures aimed at guiding private investment into areas that have a higher growth potential, a senior official with the state planning agency said on Saturday.
China also would take steps to lower the investment threshold for private investors, said Zhang Yong, the vice-head of the National Development and Reform Commission (NDRC), during a briefing on the sidelines of China’s Communist Party Congress.
The manufacturing industry as well as the property market, which have been driving private investment, are now quite weak, Zhang said.
“Now we want to attract investment in sectors with growth potential such as subway projects.” (link)

Notice two key points: #1 forecast growth in manufacturing is seen as “quite weak”, and #2 they are shifting toward building their own domestic transportation infrastructure.
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Bigly Important – Secretary Rex Tillerson Discusses U.S. India Relationship…

Those who are following the Trump Doctrine, strategic U.S. geopolitical alliances, and the bigger part of the big picture for how President Trump and the administration are positioning the U.S. economy toward lessening ties with China, will note the significance of this speech and the content therein.  The media will remain oblivious to it.
The Trump Doctrine surrounds modern international economic engagement only possible with a president who is not beholden to the multinational corporations and multinational banks who occupy lobbying offices on K-Street in Washington DC.  A key component of the approach is the ability to build relationships which can be leveraged for America-First interests with national economic partners aligned in common cause.
Under the Trump Doctrine, India is a strategic economic counter-weight to remove the leverage China has created for the past 20+ years.  Nothing that has happened within the strategic approach of President Trump happens accidentally.  Even the positioning of U.N. Ambassador Nikki Haley is a part of this dynamic lost on almost everyone except a few who understand the insight of a president who has thought through every angle for years prior to taking office.
Small, seemingly obscure, details are part of the big picture; nothing is without design.  Understanding this principle helps to assemble the framework for this speech by Secretary Rex Tillerson.  WATCH:

“China, while rising alongside India, has done so less responsibly, at times undermining the international, rules-based order even as countries like India operate within a framework that protects other nations’ sovereignty.”

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Sunday Talks: Benjamin Netanyahu Discusses "Trump Doctrine" – Specific "Economic Leverage" Toward Iran…

Israel’s Prime Minister Benjamin Netanyahu appears with Mari Bartiromo to discuss the Iranian nuclear agreement and specifically President Trump’s call for revised security terms.
For those who travel through the deep geopolitical grass, this interview is particularly important as Netanyahu outlines the ‘why now’ aspect.  Note specifically how the Prime Minister frames the economic leverage strategy we have discussed –Backstory Here– and how the regional allies President Trump has assembled are all in concert with the larger objectives.  It’s actually a little surprising to see Netanyahu ‘out’ the Big picture.


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In the background, and as a direct counter to how President Trump is using the Trump Doctrine of economic leverage, you will note that China, Russia, Iran and other state adversaries are creating a financial network to avoid their exposure to U.S. trade currency leverage.  Their strategic action is what’s driving up the value of crypto-currencies like Bitcoin as tools to avoid Trump’s leverage and Secretary Mnuchin’s aligned economic policy influence.
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Sunday Talks: Secretary Rex Tillerson -vs- CBS John Dickerson

Secretary of State Rex Tillerson appears on CBS Face The Nation with John Dickerson to discuss the Iran Nuclear Deal (JCPOA).  The ideology of Dickerson puts him in a defensive posture on behalf of Iran.  Meanwhile T-Rex talks common sense.
The interview also encompasses the strategy to denuclearize North Korea and China’s role therein.  The value in this interview comes toward the latter half where the relationship of Secretary Tillerson and President Trump is discussed and how the interplay is part of the larger strategic objectives.  “It’s a strategy we’re not going to share with anyone, as the president has said”… etc.


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Geopolitical Adversaries Prepare To Defend Against Trump's Iran Strategy…

Just because western media doesn’t understand how President Trump executes a geopolitical strategy based on economic leverage, that doesn’t mean adversaries are not fully aware of the effectiveness of the approach.
The Trump Doctrine has two avenues toward dealing with national security adversaries.
The first route is direct assignment of responsibility toward the enablers: see China for North Korea; The Gulf States for Qatar (Sunni extremism); Russia for Syrian terrorism (Assad); and Pakistan for Afghanistan (Taliban); as recent examples.

However, when the geopolitical threat stems directly from the enabler, and not the enabled, the Trump Doctrine has a distinctly different and far more encompassing, approach.  Route two goes through leveraging regional allies and partners: See ASEAN and India for ¹China; and France, Poland, Baltic States for ²Russia.  And now President Trump is beginning to shift toward ³Iran.
In each case: China, Russia and Iran, unlike Western media, these powers assemble volumes of research to assist them in understanding the most likely sequence of events President Trump will take.
When we say volumes of research, we indeed mean hundreds of people researching and drafting position documents based upon every scintilla of every deal Donald J Trump has engaged in.  No expenses are spared as these state actors assemble information toward their own strategy to counter the most unpredictable adversary they have faced.
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Trump Doctrine Delivering Results With Pakistan via Afghanistan…

On August 22nd, 2017, President Trump began a very familiar process toward Pakistan within the foreign policy approach known as the “Trump Doctine”: the accurate ownership of responsibility by honestly calling out the historic nature of the relationship.
The approach toward the Taliban through the enablers in Pakistan followed an identical pattern: ♦noted in the Muslim Brotherhood’s enabling via Qatar; ♦noted in Assad’s enabling via Russia; ♦noted in North Korea’s enabling via China.
In each example President Trump positions his chosen policy leverage toward the enabler, toward the root cause, and not direct confrontation with the symptom.  The results from this approach are quite remarkable.
Well, today:

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Maganomics – Pruitt at The Plate…

President Trump’s MAGAnomic Main Street policy initiatives surround a very basic set of principles.  To add wealth to the middle class you: A.) increase wages, and B.) lower the cost of living.
Increasing wages is the long-term economic outcome from America-First business and corporate manufacturing policies (Secretary Wilbur Ross), in combination with fiscal policies (Secretary Mnuchin).   Subsequently, within his economic agenda, President Trump visibly engages an extraordinary amount of effort on both Commerce and Treasury.
However, there’s a part of the plan for reestablishing middle-class wealth that also comes from lowering the cost of living (high consumables).  That’s where EPA Administrator Scott Pruitt intersects with Ross and Mnuchin as Pruitt works to lower energy costs.


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Lowering energy costs has an exponential benefit to the overall economy.  Not only does it drive down the cost of domestic highly consumable products, but it also binds the building blocks of the manufacturing and production sector.  Lower energy costs offset higher wages on products manufactured for export and helps keep the U.S. competitive.
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U.S. Chamber of Commerce President Tom Donohue Rages: President Trump is Existential Threat to NAFTA…

Here we go… buckle up, and grab the popcorn.  This is the part where the “trillions at stake” comes into play…

U.S. Chamber of Commerce President Tom Donohue is now engaged in a direct fight with U.S. President Donald Trump. As would be expected, and as we specifically predicted, Tom Donohue is now specifically aligning himself with Canada and Mexico against the interests of the United States economy.

Tom Donohue gives hundreds of millions to Mitch McConnell and the crony UniParty capitalist ilk that infect Washington DC. Donohue owns the vast majority of U.S. politicians. This battle is the epicenter of lobbying usurpation, and how multinational corporations own U.S. politicians. This battle will be epic.

MEXICO CITY/WASHINGTON (Reuters) – The most powerful U.S. business lobby accused the Trump administration on Tuesday of making “poison pill proposals” to sabotage talks aimed at modernizing NAFTA, as negotiators began gathering in Washington for fresh trade talks.
[…] Speaking in Mexico City, Thomas Donohue, the U.S. Chamber of Commerce’s president and chief executive, listed several U.S. proposals that he said would undermine $1 trillion in annual trilateral trade, including a “sunset clause” to force regular negotiations.

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Panda Talk – President Trump Listens To Henry Kissinger on Prior (Failed) China Policy…

Ahead of a working lunch with Secretary of State Rex Tillerson and Defense Secretary James Mattis, President Trump holds a consultation meeting with former Secretary of State Henry Kissinger. Mr. Kissinger has been an arms-length foreign policy adviser since the campaign.
Undoubtedly the requested Kissinger insight would be regarding China, and more specifically regarding Beijing, and the old communist guard’s outlook toward the ongoing communist congress currently taking place in the deepest bamboo forest.
President Trump took the media opportunity to discuss a myriad of ongoing issues including the collapsing ObamaCare issues and the ongoing tax proposals.


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The meeting with Kissinger follows a familiar pattern for those who have watched the nuance of President Trump and how he advances his own ideological philosophy by listening to historic advocates with insight into what Trump considers “prior failed policy”.
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Building Leverage – Wilbur Ross Delays Determination on Chinese Aluminum Tariffs (Until After Trump Visit)…

{{snicker}} Commerce Secretary Wilbur Ross has announced a decision to delay a Commerce Department decision on Aluminum until sometime before November 30th.

…”Commerce said it would issue its preliminary determination in the aluminum foil case – along with a decision on China’s non-market economy status – by Nov. 30. A final duty determination is expected 75 days later.”…

When you analyze the Trump Doctrine, using economics as leverage for national security objectives, it becomes easier to understand the ebb, flow and timing of Wilbur Ross trade determinations. Economics, trade policy and national security objectives are all connected.
WASHINGTON(Reuters) – The U.S. Commerce Department said on Thursday it would defer issuing its preliminary determination in an anti-dumping duty probe into imports of aluminum foil from China.
The department said in a statement the delay would allow it “to fully analyze information pertaining to China’s status as a non-market economy (NME) country.”
U.S. aluminum foil producers have filed petitions with the U.S. government accusing Chinese manufacturers of dumping the product in the United States. In 2016, imports of aluminum foil from China were valued at an estimated $389 million, department figures show.
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