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Why China Isn’t Ready Yet to Lead Globalization
As the United States under President Donald Trump retreats from its leadership role on global integration, China is well placed to take the position. It is the world’s largest exporter and by some measures (link is external) also the world’s largest economy. It is time for China to play a bigger role in setting international rules. Premier Li Keqiang appears ready to take up the mantle. He is saying all the right things (link is external), explaining the benefits of free trade—from consumer gains to economic growth—and calling for stronger international rules. China has also indicated a new openness to free ... (full story)