The year 2018 is the 40th anniversary of China’s reform and opening-up and also a crucial year for economic structural transformation.
The Central Economic Work Conference highlighted the importance of three baseline tasks and eight major tasks, and made specific requirements to lay down the critical foundations and guarantee for the economic work for the coming year and future years.
If the leaders of the world’s two largest economies become “brothers”, then everything is easy to discuss.
Describing a foreign policy as “isolationist” usually carries a derogatory sense. However, according to my studies in American history, isolationism, as I see it, has been part of the core of the United States since its founding.
The past 5 years has witnessed the historical rise of Chinese economy as the largest powerhouse driving the world economy forward. The Chinese economy entered the New Normal in 2012. Although there has been no longer two-digit growth, it has still experienced a medium-high growth rate with a better, cleaner and higher-end technology quality.
On August 14 US President Donald Trump issued a presidential memo directing the United States Trade Representative (USTR) to conduct a Section 301 investigation into China. Robert Lighthizer, the USTR, subsequently announced the process.
Trump explained the reason behind the move as China’s “forced technology transfer” and “theft of American IP”, and called the investigation “a very big move” and “just a beginning.”