The US is focused on the role of state-owned enterprises within the Chinese economy, US-China Business Council president Craig Allen said. Photo: Bloomberg

Break up ‘unnatural and abnormal’ monopolies to sustain high growth, US-China business group head urges Beijing

  • Monopoly model no longer works for a nation that needs to focus on ‘globalisation on equal terms’, US-China Business Council president Craig Allen says
  • Aim should be to create a level playing field for both foreign firms and private Chinese companies, he says
Topic |   China economy

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The US is focused on the role of state-owned enterprises within the Chinese economy, US-China Business Council president Craig Allen said. Photo: Bloomberg
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A floor trader at the New York Stock Exchange at the closing bell on 4 December 2018, the day when the Dow Jones Industrial Average (DJIA) index lost almost 800 points, or 3.1 per cent. Photo: EPA-EFE/JUSTIN LANE
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

China’s Belt and Road may be the closest the world has to a stimulus plan that can kick some vigour back into the global economy

  • There is nothing for global stock markets to be bullish now, from corporate earnings to the US-China trade war, to Brexit and the next US trade war on Japan
  • China’s Belt and Road Initiative may be the only hope for a global economic stimulus

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A floor trader at the New York Stock Exchange at the closing bell on 4 December 2018, the day when the Dow Jones Industrial Average (DJIA) index lost almost 800 points, or 3.1 per cent. Photo: EPA-EFE/JUSTIN LANE
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