President Xi Jinping is shown around the London offices of Huawei Technologies by founder Ren Zhengfei. In China’s power structure, more have a vested interest in keeping asset prices stable than in developing proprietary technologies. But the US trade war and ban on Huawei may have changed the dynamics somewhat. Photo: Reuters
Andy Xie
Opinion

Opinion

Andy Xie

China must draw the right lessons from Japan’s trade war with the US, and develop its technology

  • The Plaza Accord, which pushed up the yen, didn’t break the Japanese economy, which was in a good place to begin with. But China, which has a lower average income, can’t afford to make the same policy mistakes as Japan

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President Xi Jinping is shown around the London offices of Huawei Technologies by founder Ren Zhengfei. In China’s power structure, more have a vested interest in keeping asset prices stable than in developing proprietary technologies. But the US trade war and ban on Huawei may have changed the dynamics somewhat. Photo: Reuters
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