Robert Lawrence Kuhn / RLK: Everybody is pleased that there is the pause; 90 days is very short, of course. We have to look at the = eiaiiial short-term, mid-term, and long- : " term. Let’s look at the background to understand where >» China is today. This is the 40% — year, the anniversary, of China’s reform and opening up. On ; December 18, 1978, Deng | Xiaoping made his famous i \ speech, which transformed China ee from ideologically driven class U.S. AND CHINA AGREE TO PAUSE TRADE WAR Sh struggle into economic aan development. It’s a big deal in China; there’s a big celebration coming up. RLK: President Xi Jinping has said a, — that the first big goal for China, in . 2020, is to have a moderately a prosperous society, specifically to — a eliminate all extreme poverty in : r China. That means they will have taken 800 million people out of poverty. So that’s their overview, ¢ ~ and so they look at the status quo : that they’ve had with America as y LIVES something that’s good for both U.S. AND CHINA AGREE TO PAUSE TRADE WAR ASaaJ % sides. scixciias 3 HOUSE_OVERSIGHT_023709