The US delegation of trade negotiators talk with their Chinese counterparts in Washington on January 30. Photo: AFP The US delegation of trade negotiators talk with their Chinese counterparts in Washington on January 30. Photo: AFP
The US delegation of trade negotiators talk with their Chinese counterparts in Washington on January 30. Photo: AFP
Stephen Roach
Opinion

Opinion

Stephen Roach

How US trade negotiators are misreading China while ignoring America’s dangerously low savings rate

  • China’s recent economic slowdown is less a result of the trade war than its domestic deleveraging campaign, which can be adjusted as needed. Meanwhile, US economic strength is likely to be short-lived as the effect of its tax cuts fades

The US delegation of trade negotiators talk with their Chinese counterparts in Washington on January 30. Photo: AFP The US delegation of trade negotiators talk with their Chinese counterparts in Washington on January 30. Photo: AFP
The US delegation of trade negotiators talk with their Chinese counterparts in Washington on January 30. Photo: AFP
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Stephen Roach

Stephen Roach

Stephen S. Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China.