Happy Friday! Today was supposed to be the deadline for the U.S.-China trade talks to succeed or new and increased tariffs would kick in. President Trump dropped the deadline and now we wait for Trump and Chinese President Xi Jinping to meet, probably in the fourth week of March.

Situational awareness: Canada announced it will start extradition proceedings to send Huawei CFO Meng Wanzhou to the U.S.

And, if you want a daily and deeper look at China, please check out my daily Sinocism China Newsletter and follow me on Twitter @niubi.