What worries Donald Trump might not be the US trade deficit with China, but the huge amount of American direct investment in the country. Photo: AP
Zhigang Tao
Opinion

Opinion

Zhigang Tao

Why Donald Trump’s trade war is aimed at foreign direct investment in China

Zhigang Tao and Mary Hui say Trump is hurting American firms that have outsourced to China in the hope of bringing manufacturing back to the US. Beijing has to give US firms reasons to stay

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What worries Donald Trump might not be the US trade deficit with China, but the huge amount of American direct investment in the country. Photo: AP
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Zhigang Tao

Zhigang Tao

Zhigang Tao is HSBC Professor in Global Economy and Business Strategy and director of the Institute for China and Global Development, The University of Hong Kong. His research focuses on the growth dynamics of the Chinese economy, multinational strategy in China, and the integration of China with the global economy.

Mary Hui

Mary Hui

Mary Hui is a Hong Kong-based writer. Her work has appeared in the South China Morning Post, The New York Times, The Washington Post, and CityLab.