People walking through a popular shopping mall in Beijing are reflected in the glass panels of an Apple Store. The benefits of open, vibrant markets extend well beyond foreign businesses. Yet, China still ranks as one of the most restrictive countries for FDI, according to an OECD report. Photo: AP

Trade and investment between China and the US must be based on reciprocity

William Zarit says the ‘Grand Bargain’ of the past, in which the US became China’s top export market in a mutually beneficial arrangement, is no longer possible. A new deal must be struck to ensure equally open markets on both sides

Topic |   US-China trade war

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People walking through a popular shopping mall in Beijing are reflected in the glass panels of an Apple Store. The benefits of open, vibrant markets extend well beyond foreign businesses. Yet, China still ranks as one of the most restrictive countries for FDI, according to an OECD report. Photo: AP
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