China Falters on Economic Liberalization

Is China’s economy more of a paper tiger than an Asian tiger?

Dan Mitchell:

Video on CNBC is embedded in there.

1. China’s economy is weak because of insufficient liberalization.

2. Trump’s unthinking protectionism hurts both sides, but China may be more vulnerable.

3. China’s cronyism presents a challenge for supporters of unilateral free trade.

4. Trump should have used the World Trade Organization to encourage Chinese liberalization.

5. The imperfect Trans-Pacific Partnership was an opportunity to pressure China to reduce cronyism.

6. Additional Chinese reform is the ideal outcome, both for China and the rest of the world.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s