Chinese and US flags are set up for a signing ceremony during a visit by US Secretary of Transportation Elaine Chao at China’s Ministry of Transport in Beijing in April 2018. China announced that it would scrap foreign ownership limits on local auto firms, paving the way for foreign companies that want to open wholly-owned subsidiaries in the country. Photo: Reuters
Opinion
Opinion
The View
US paranoia about a rising China notwithstanding, some trade reforms would benefit the Chinese economy
- Winston Mok says while the US should not attempt to remake China in its own likeness, Beijing should take on board criticism of some of its trade practices and implement reforms that would ultimately benefit its economy
Chinese and US flags are set up for a signing ceremony during a visit by US Secretary of Transportation Elaine Chao at China’s Ministry of Transport in Beijing in April 2018. China announced that it would scrap foreign ownership limits on local auto firms, paving the way for foreign companies that want to open wholly-owned subsidiaries in the country. Photo: Reuters