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Illustration: Rebecca Zisser/Axios

The financially focused arm of China's Global Times newspaper this weekend posted a number of new details on Twitter about how Chinese negotiators are positioned in trade discussions.

What they're saying, per The Business Source's Twitter feed: A former Chinese vice minister of commerce says he expects the "phase one" trade deal will be signed before Chinese New Year, which begins Jan. 25, but that "[r]olling back tariffs levied by the U.S. is a must."

  • 22 of 25 "experts" surveyed say the possibility of reaching a trade deal is "greater than 50 percent." However, just "nine out of 25 experts surveyed said that a deal could be reached before the New Year, while seven think the deal will come after the New Year."
  • Tweets also quoted "experts" who said the "longer the #tradetalks drag on, the more difficult it gets to reach a phase one deal given the increasingly out-of-control anti-China movement in Washington."

Why it matters: Global Times is affiliated with the Chinese Communist Party and is therefore considered to have a direct line to top policymakers and reflect the party's thinking.

Go deeper:

Go deeper

Bryan Walsh, author of Future
2 mins ago - Politics & Policy

America is anxious, angry and heavily armed

Data: FBI; Chart: Andrew Witherspoon/Axios

Firearms background checks in the U.S. hit a record high in 2020.

The big picture: This past year took our collective arsenal to new heights, with millions of Americans buying guns for the first time. That trend coincides with a moment of peak political and social tension.

Mike Allen, author of AM
1 hour ago - Economy & Business

America on borrowed time

Illustration: Aïda Amer/Axios

Economic recovery will not be linear as the world continues to grapple with the uncertainty of the pandemic.

Why it matters: Despite being propped up by an extraordinary amount of fiscal stimulus and support from central banks, the state of the global economy remains fragile.

Scoop: Gina Haspel threatened to resign over plan to install Kash Patel as CIA deputy

CIA Director Gina Haspel. Photo: Win McNamee/Getty Images

CIA Director Gina Haspel threatened to resign in early December after President Trump cooked up a hasty plan to install loyalist Kash Patel, a former aide to Rep. Devin Nunes (R-Calif.), as her deputy, according to three senior administration officials with direct knowledge of the matter.

Why it matters: The revelation stunned national security officials and almost blew up the leadership of the world's most powerful spy agency. Only a series of coincidences — and last minute interventions from Vice President Mike Pence and White House counsel Pat Cipollone — stopped it.

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