Like it or not, as an economic power, China is here to stay

Our goal in the west should be to encourage the country’s leaders to make its economy more competitive, open and transparent

19th January, 2020
Like it or not, as an economic power, China is here to stay
China will buy $200 billion more of American goods and services each year from now on than it did in 2017. Picture: Nicolas Asfouri/Getty

The ceremony at the White House last week to mark the signing of “phase one” of a trade accord between the US and China was quite a spectacle. The room was packed with Trump administration officials, Wall Street bigwigs and presidential cheerleaders. A band played Hail To The Chief as President Donald Trump made his entrance.

Yet there were just four Chinese officials present, of whom the highest-ranking was Liu He, a vice-premier...

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