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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US President Donald Trump meets Chinese Vice-Premier Liu He (left) in the Oval Office of the White House in Washington on February 22, 2019. Photo: AFP
Stephen Roach
Opinion

Opinion

Stephen Roach

Donald Trump’s case against China is deeply flawed and ignores weaknesses in the American economy

  • The US narrative on China – from the trade deficit to intellectual property theft to support for state-owned enterprises – rests on shaky foundations and does not account for America’s macroeconomic shortcomings

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US President Donald Trump meets Chinese Vice-Premier Liu He (left) in the Oval Office of the White House in Washington on February 22, 2019. Photo: AFP
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