Trade war drumbeat masks a deeper challenge from China
Aug 06, 2018
3 minutes
Trade War with China! The very phrase conveys the potential gravity of Washington’s campaign to rebalance the relationship between the world’s two largest economies, and address what the United States and many other countries view as unfair commercial practices by the Chinese.
But as sometimes happens, the drumbeat of daily headlines can mask a deeper story: in this case, that trade may not be the main test posed by Chinese policies. A more serious, long-term challenge could lie in the ambitious program being undertaken under President Xi Jinping to parlay China’s economic clout into expanded
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