With US trade deal, China kicks the can of economic reforms down the road – at greater cost to itself
- Chinese’s promises to buy more from the US simply do not add up, while US tariffs remain on many Chinese imports and the tech war continues unabated.
- Chinese hopes to lift market sentiments with the deal will be short-lived. Its true path lies in economic independence and reforms
Dr Andy Xie is a Shanghai-based independent economist specialising in China and Asia, and writes, speaks and consults on global economics and financial markets. He joined Morgan Stanley in 1997 and was managing director and head of the firm’s Asia-Pacific economics team until 2006. Prior to that he spent two years with Macquarie Bank in Singapore, where he was an associate director in corporate finance. He also spent five years as an economist with the World Bank. He was voted one of the 50 most influential persons in finance by Bloomberg magazine in 2013.