Four-pronged approach to deal with US
The Sino-US relationship is one of the most important in the world. But a trade war, which US President Donald Trump seems determined to pursue with China, will damage this vital relationship and, equally importantly, push the global economy toward chaos and stunt global growth.
The Trump administration is using the US trade deficit as an excuse to impose additional tariffs on Chinese imports, and has accused China of economic aggression, using unfair practices to acquire foreign technologies, and violating intellectual property rights.
But the fact that it also demands that China further open up its manufacturing and service industries to US enterprises, while restricting Chinese enterprises' investment in the US, shows the core issues of the trade dispute are China's opening-up policy and technology competition between the two sides.
