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20 questions for 2020

By Wang Yiqing, Liu Jianna, Yao Yuxin, Pan Yixuan, Wang Kan and Zhang Zhouxiang | CHINA DAILY | Updated: 2019-12-31 10:55
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Editor's Note: With the arrival of the new year, China Daily has invited experts to share their outlooks on a number of issues that are likely to be in the news this year. Reporting by Wang Yiqing, Liu Jianna, Yao Yuxin, Pan Yixuan, Wang Kan and Zhang Zhouxiang:

Click here to watch the video:

Q: Will there be a ceasefire in the Sino-US trade war?

A: With the two sides agreeing on a phase one trade deal, the first stage of the Sino-US trade war is already over.

The United States has had to accept that China's economy today is more able to withstand external pressure. But the fact that the US triggered the trade war shows that it is desperate to contain China's rise in order to maintain its global hegemony. Therefore, the trade war is unlikely to end quickly, and continuous negotiations are likely to be the new normal this year with the frictions becoming more severe.

One of the influencing factors being that 2020 is a presidential election year in the US, which will make the situation more complicated than before.

Under such circumstances, it is of great significance that China focuses on developing its own economy well and further promotes reform and opening-up.

To further fortify its economy, China should accelerate its economic transformation and upgrading to realize innovation-driven high-quality economic development.

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