Deeper reforms needed to tackle Sino-US trade tensions

Deepening reform and opening-up, with international coordination, has been called for by Chinese scholars to reduce conflicts amid the China-US trade tensions, which can boost economic development on both sides, said a report issued on Tuesday.

Domestic reforms, such as State-owned enterprises reforms and "competitive neutrality" reform, could be one of the key ways to deal with the current conflicts, especially when trade tensions have lingered about and "investment tensions" are on the rise, said the report, which was issued by the Pu Shan Foundation in Shanghai.

Implementation of the principle of competitive neutrality in the financial market, along with the elimination of subsidies in the sector, was suggested by the research group.