For many Chinese observers the following question arises: Who or what is Taoran Notes? The emergence of this issue came almost immediately after the trumps of Trump, which collapsed the Chinese markets earlier this week.
Following Trump's comments and his threats to escalate the trade war, much of the Chinese media has faded but a single user of the Tencent Holdings platform, WeChat, has escaped censorship. He is one of the last to comment on the trade talks and commented on the Chinese strategy.
In a 1500-character post, Taoran warns the US not to "fancy" that China will agree to US terms at any cost that would allow anything to jeopardize the national interest. His comment was later reissued from the People's Daily - an extremely rare move by the Communist Party's official newspaper. "There are no winners in a trade war," Taoran commented in his publication.
His publication strongly contrasts against the background of the "quiet" Chinese media. The Xinhua News Agency has revealed quite a bit of information about exactly what has helped erode nearly $ 478 billion in Chinese stock markets. Trump's tweets that will impose new tariffs have been deleted from social networks.
Starting in 2015, Taoran Notes initially published articles of a wide range, including the Federal Reserve. But since October 2018, he has almost entirely followed developments in trade negotiations.
A week ago, Taoran reported that risks and challenges have risen significantly as the negotiations go to their final phase and warn of upcoming incidents.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
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