Original Source: Intertrade
A flagship journal under the Ministry of Commerce, published monthly since 1982. The journal publishes research on domestic and international trade theories and practices, policies for global economics and trade and China’s integration into the world economy.
Chinese researchers Sun Xuguang and Zhu Caihua explore the new paradigms of China’s trade as it responds to its industrial upgrading and domestic circumstances. They argue that as China seeks to become a manufacturing superpower, it has come to compete directly with developed countries in advanced manufacturing fields, engendering trade frictions with them. In the case of the United States and Europe, China’s changing trade patterns that now prioritize integrating domestic technology have in the authors’ view threatened to break up the Western high-tech monopoly and inevitably faced pushback.
A pair of Chinese economists argue that the U.S. will have a difficult time effectively de-risking from China due to a variety of hurdles, including tensions with allies over the speed and scope of strategies, vested U.S. business interests, and partisan debates about China policy within the United States. To limit the scope and impact of U.S. technology and economic policies, they suggest, Beijing should seek to improve diplomatic relations with U.S. allied and partner nations, expand economic ties with developing countries, remain open to diplomatic engagement with Washington, and invest in China’s science and technology ecosystem to address innovation bottlenecks.