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CNN 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 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 speech, which transformed China from ideologically driven class struggle into economic development. It’s a big deal in China; there’s a big celebration coming up. ‘ 1 RLK: President Xi Jinping has said that the first big goal for China, in 2020, is to have a moderately prosperous society, specifically to eliminate all extreme poverty in 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 something that’s good for both sides. U.S. AND CHINA AGREE TO PAUSE TRADE WAR <4 b HOUSE_OVERSIGHT_023709