The approach of the US and China differs vastly in reducing the trade deficit between the two countries. Photo: Shutterstock
Zhu Min and Miao Yanliang
Opinion

Opinion

Zhu Min and Miao Yanliang

Is multilateral perspective the right approach for US and China to correct trade imbalance?

  • The multilateral perspective makes clear that the US current-account deficit can be reduced only through structural reforms to address the imbalance between domestic savings and investment
  • China’s adherence to the multilateral perspective on trade has led it to reduce its external imbalance through structural reforms

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The approach of the US and China differs vastly in reducing the trade deficit between the two countries. Photo: Shutterstock
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