Donald Trump won round one of the trade war. In round two, China has the upper hand
- The US may have succeeded in forcing a relocation of supply chains from China, but now that the damage has been done, the Chinese are in no hurry to clinch a deal. Not so for Trump, who has an election to win amid signs of a slowing US economy
Professor Zhiwu Chen is director of the Asia Global Institute and Victor and William Fung Professor in Economics at the University of Hong Kong. He is a former professor of finance at Yale University (1999-2017). His research covers finance theory, the sociology of finance, economic history, emerging markets, as well as China's economy and capital markets. He was also a special-term visiting professor at Peking University (School of Economics) and Tsinghua University (School of Social Sciences).
Heribert Dieter is visiting professor and director of policy research, Asia Global Institute, the University of Hong Kong. Since 2001, he has been senior fellow at the German Institute for International and Security Affairs, Berlin. From 2013 to 2019, he was visiting professor for international political economy at Zeppelin University, Lake Constance. He has published eight monographs, seven edited volumes and over 150 articles, including 28 peer-reviewed, in academic journals.