People walk past a poster of Chinese President Xi Jinping, in Beijing in February 2018. The Communist Party of China has in many ways tightened its grip on the economy under Xi, and is now under pressure in trade war talks with the US to lessen the state’s role. Photo: AFP

Why China should remember Japan in trade talks with US and the West

  • China’s economic successes have been due to state involvement: government intervention, administrative guidance and bank-domination
  • China would do well to remember Japan’s economic woes after acceding to US demands in the last century
Topic |   China economy

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People walk past a poster of Chinese President Xi Jinping, in Beijing in February 2018. The Communist Party of China has in many ways tightened its grip on the economy under Xi, and is now under pressure in trade war talks with the US to lessen the state’s role. Photo: AFP
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