Facing slowing economic growth, Chinese President Xi Jinping is willing to offer some concessions in the short-term to limit the trade war damage – it seems as though both sides have notes how harmful it all is. China is now also seeking partners elsewhere and hopes to grow warmer to Russia before Europe does.

How The iPhone Widens The US Trade Deficit With China (VOX) The iPhone case unambiguously demonstrates that conventional trade statistics significantly inflate China’s trade imbalance with the US. Importing one iPhone X from China generates a $330 trade deficit for the US. [Bullish CNY]

Masayoshi Amamiya: Japan’s Experience and Its Implications For China – Monetary Policy And Financial System(BIS) Japan has already “been there, done that” when it comes to issues facing China – aging population, slowdown, struggle with policy. As the economic and financial ties between the two countries grow stronger, there are increasing opportunities for the two central banks to cooperate e.g. last year they signed a currency swap agreement.

China’s Growing Presence on The Russian Market and What It Means For The European Union (Bruegel.org) Europe and China are competing against each other to become Russia’s biggest trading partner. However, Europe has competitive advantages in certain sectors that China aims at. [Bullish Russia]

All the International Brands That Have Apologized To China (Sup China) Sup China drafts a list of high-profile brands that have given in under the Chinese governmental pressure after stepping over the “red lines” of certain sensitive issues.