In an important editorial, China’s influential newspaper, the Global Times argues that Washington needs to take a fair look at Sino-US trade. It reports that the first China-US Comprehensive Economic Dialogue (CED) kicked off in Washington Wednesday with the mission to expand the 100-Day Plan to a one-year scheme and to consolidate bilateral economic cooperation.
The case presented by the editorial is quite compelling. Of course, ‘win-win’ is the best outcome.
With powerful domestic audiences, both the US & Chinese leaders need to find ‘win-win’ solutions, otherwise world trade could quickly be at risk.