Hong Kong must stop resisting and accommodate the central government’s demands for a national security law. Only through pragmatic negotiations with both sides’ best interests at heart will Beijing and Hong Kong secure the safe, prosperous future they desire.
In addition to tariffs on medical products hampering the US’ own fight against the disease, trade war levies had already hit many businesses hard before the pandemic. Preventing a global economic crisis calls for an end to protectionism.
Accusations of China cheating while overlooking its massive investments in innovation only makes the US look like a bullying, hectoring superpower nation behaving with ill grace at the slightest whiff of competition.
China may love drawing up industrial policies, but the evidence shows their effectiveness is questionable. So the US fear of China’s strategy of hi-tech development is misplaced – its quarrel lies elsewhere.
Fred Hu and Jonathan Woetzel say Beijing cannot afford to shirk the challenge of raising productivity to address its growth challenges and create long-term prosperity.