Opinion
SCMP Columnist
Sino File
US-China trade war: who wanted a deal the most? Just look at the concessions made by both sides
- Washington offered one concession – deferring the October 15 tariff hikes – while Beijing backed down on US farm purchases, IP and tech transfers, financial market liberalisation, exchange-rate reform and an enforcement mechanism
China’s “national champions” like Huawei receive state support in their efforts to dominate key sectors, both domestically and abroad. In Huawei’s case, this has made them a target. Photo: Reuters
Opinion
Opinion
The View
Trade deal aside, Sino-US rivalry is far from over: China’s Communist Party-driven economy is incompatible with the global order
- The World Trade Organisation has never before dealt with an economy like China’s, where the party picks winners and compels firms to toe the line
- Increasingly, when called on to punish foreign entities, Chinese firms have little choice but to show their loyalty, the NBA row just the latest example
China’s “national champions” like Huawei receive state support in their efforts to dominate key sectors, both domestically and abroad. In Huawei’s case, this has made them a target. Photo: Reuters