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Jim Cramer: What It Will Take to See a Trade Deal

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Yes, the data has increasingly pointed toward a weaker Chinese economy.

In August, China posted the steepest decline in factory gate inflation - the actual cost of manufacturing goods - in three years, while August automobile sales fell over 9% compared to the previous year.

This followed data Monday that showed a slump in Chinese exports. Is the data enough to push a trade deal with the U.S. once and for all?

No, said Jim Cramer, noting that despite the slew of bad data, the consumer remains strong in China.

So what do we need to see to get that trade deal?

"You need to see real bank failures. If you get real bank failures, you're going to see a deal," Cramer said.

Catch his full take on the Chinese economy and President Xi in the video above.

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