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Renegotiating trade from a China perspective
We have long believed that the trade war is more than about trade, it is about technology. And during the last couple of months, the US has urged its Western allies not to use China's 5G products as the US believes that there is a security concern. Since then the Chinese government has tried to have more of a say in the trade negotiations. For example, China has made the penalty system of any trade deal reciprocal, which means the US could be penalised if it does not comply with a signed deal. That was the beginning of China trying to move into the driver's seat of the trade negotiation. The Chinese economy backs up ... (full story)
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