Author: Huhua Cao
Publisher: University of Ottawa Press
ISBN: 0776619551
Category : Political Science
Languages : en
Pages : 311
Book Description
With the exception of Canada’s relationship with the United States, Canada’s relationship with China will likely be its most significant foreign connection in the twenty-first century. As China’s role in world politics becomes more central, understanding China becomes essential for Canadian policymakers and policy analysts in a variety of areas. Responding to this need, The China Challenge brings together perspectives from both Chinese and Canadian experts on the evolving Sino-Canadian relationship. It traces the history and looks into the future of Canada-China bilateral relations. It also examines how China has affected a number of Canadian foreign and domestic policy issues, including education, economics, immigration, labour and language. Recently, Canada-China relations have suffered from inadequate policymaking and misunderstandings on the part of both governments. Establishing a good dialogue with China must be a Canadian priority in order to build and maintain mutually beneficial relations with this emerging power, which will last into the future.
The China Challenge
Author: Huhua Cao
Publisher: University of Ottawa Press
ISBN: 0776619551
Category : Political Science
Languages : en
Pages : 311
Book Description
With the exception of Canada’s relationship with the United States, Canada’s relationship with China will likely be its most significant foreign connection in the twenty-first century. As China’s role in world politics becomes more central, understanding China becomes essential for Canadian policymakers and policy analysts in a variety of areas. Responding to this need, The China Challenge brings together perspectives from both Chinese and Canadian experts on the evolving Sino-Canadian relationship. It traces the history and looks into the future of Canada-China bilateral relations. It also examines how China has affected a number of Canadian foreign and domestic policy issues, including education, economics, immigration, labour and language. Recently, Canada-China relations have suffered from inadequate policymaking and misunderstandings on the part of both governments. Establishing a good dialogue with China must be a Canadian priority in order to build and maintain mutually beneficial relations with this emerging power, which will last into the future.
Publisher: University of Ottawa Press
ISBN: 0776619551
Category : Political Science
Languages : en
Pages : 311
Book Description
With the exception of Canada’s relationship with the United States, Canada’s relationship with China will likely be its most significant foreign connection in the twenty-first century. As China’s role in world politics becomes more central, understanding China becomes essential for Canadian policymakers and policy analysts in a variety of areas. Responding to this need, The China Challenge brings together perspectives from both Chinese and Canadian experts on the evolving Sino-Canadian relationship. It traces the history and looks into the future of Canada-China bilateral relations. It also examines how China has affected a number of Canadian foreign and domestic policy issues, including education, economics, immigration, labour and language. Recently, Canada-China relations have suffered from inadequate policymaking and misunderstandings on the part of both governments. Establishing a good dialogue with China must be a Canadian priority in order to build and maintain mutually beneficial relations with this emerging power, which will last into the future.
The China-U.S. Trade War and Future Economic Relations
Author: Lawrence J. Lau
Publisher: The Chinese University Press
ISBN: 9882371124
Category : Political Science
Languages : en
Pages : 216
Book Description
The relation between China and the United States is arguably the most important bilateral relation in the world today. The U.S. and China are respectively the largest and the second largest economies in the world. They are also respectively the largest and the second largest trading nations in the world as well as each other’s most important trading partner. If China and the U.S. work together as partners towards a common goal, many things are possible. However, there exist significant friction and potential conflict in their economic relations. The large and persistent U.S.-China bilateral trade deficit is one of the problems. It is essential to know the true state of the China-U.S. trade balance before effective solutions can be devised to narrow the trade surplus or deficit. The impacts and potential impacts of the 2018 trade war between China and the U.S. on the two economies are analysed and discussed. The longterm forces that underlie the economic relations between the two countries beyond the 2018 trade war are examined. In this connection, how a “new type of major-power relation” between the two countries can help to keep the competition friendly and avert a war between them is explored. ~~~~~~~~ Lawrence J. Lau’s timely The China-U.S. Trade War and Future Economic Relations is full of careful analysis, penetrating insight and helpful suggestions from the world’s preeminent economist on this relationship. —Michael J. Boskin Tully M. Friedman Professor of Economics, Stanford University Former Chair, U.S. President’s Council of Economic Advisers This sober and systematic study of U.S.-China trade relations and of technological development in the two countries is particularly timely. Lawrence Lau is one of the world’s foremost economists working on these issues. —Dwight H. Perkins Harold Hitchings Burbank Professor of Political Economy, Emeritus Former Chair, Department of Economics, Harvard University This is a timely and penetrating analysis of the China-U.S. trade and economic relations, from its origins to its impacts and to a way forward. —Yingyi Qian Chairman of the Council, Westlake University Former Dean, School of Economics and Management, Tsinghua University Counsellor of the State Council, People’s Republic of China Lawrence Lau’s book on the current U.S.-China trade war is insightful, balanced and comprehensive; rich in data on trade, investment, science and technology. It is essential reading for anyone who wants to get past the headlines. —A. Michael Spence Nobel Laureate in Economic Sciences (2001) Senior Fellow, The Hoover Institution, Stanford University Lawrence Lau brings light in the form of rigorous honest fact-based economic analysis to a subject where most of the discussion has been heated bluster, false claims, and political rhetoric. —Lawrence H. Summers Former U.S. Secretary of the Treasury; Former President, Harvard University There is no topic more important, or more timely, or more urgent, than the China-U.S. trade war. Professor Lau is the ideal person to write about the implications of the China-U.S. trade war and the proposed resolution. —Tung Chee-Hwa Vice-Chairman, Chinese People’s Political Consultative Conference National Committee Chairman, China-U.S. Exchange Foundation The history of Sino-American relations, to a great extent, has been a shared history. Lawrence Lau’s timely and penetrating study will tell us it is still in best interest for both countries if they continue to pursue a shared journey and destination instead of parting ways. —Xu Guoqi Kerry Group Professor in Globalization History, The University of Hong Kong Author of Chinese and Americans: A Shared History This beautifully composed book uses nontechnical language to unravel the intricacies of the 2018 U.S.-China trade war, together with its long-term impact. I learned a lot from reading it. —Chen-Ning Yang Nobel Laureate in Physics (1957)
Publisher: The Chinese University Press
ISBN: 9882371124
Category : Political Science
Languages : en
Pages : 216
Book Description
The relation between China and the United States is arguably the most important bilateral relation in the world today. The U.S. and China are respectively the largest and the second largest economies in the world. They are also respectively the largest and the second largest trading nations in the world as well as each other’s most important trading partner. If China and the U.S. work together as partners towards a common goal, many things are possible. However, there exist significant friction and potential conflict in their economic relations. The large and persistent U.S.-China bilateral trade deficit is one of the problems. It is essential to know the true state of the China-U.S. trade balance before effective solutions can be devised to narrow the trade surplus or deficit. The impacts and potential impacts of the 2018 trade war between China and the U.S. on the two economies are analysed and discussed. The longterm forces that underlie the economic relations between the two countries beyond the 2018 trade war are examined. In this connection, how a “new type of major-power relation” between the two countries can help to keep the competition friendly and avert a war between them is explored. ~~~~~~~~ Lawrence J. Lau’s timely The China-U.S. Trade War and Future Economic Relations is full of careful analysis, penetrating insight and helpful suggestions from the world’s preeminent economist on this relationship. —Michael J. Boskin Tully M. Friedman Professor of Economics, Stanford University Former Chair, U.S. President’s Council of Economic Advisers This sober and systematic study of U.S.-China trade relations and of technological development in the two countries is particularly timely. Lawrence Lau is one of the world’s foremost economists working on these issues. —Dwight H. Perkins Harold Hitchings Burbank Professor of Political Economy, Emeritus Former Chair, Department of Economics, Harvard University This is a timely and penetrating analysis of the China-U.S. trade and economic relations, from its origins to its impacts and to a way forward. —Yingyi Qian Chairman of the Council, Westlake University Former Dean, School of Economics and Management, Tsinghua University Counsellor of the State Council, People’s Republic of China Lawrence Lau’s book on the current U.S.-China trade war is insightful, balanced and comprehensive; rich in data on trade, investment, science and technology. It is essential reading for anyone who wants to get past the headlines. —A. Michael Spence Nobel Laureate in Economic Sciences (2001) Senior Fellow, The Hoover Institution, Stanford University Lawrence Lau brings light in the form of rigorous honest fact-based economic analysis to a subject where most of the discussion has been heated bluster, false claims, and political rhetoric. —Lawrence H. Summers Former U.S. Secretary of the Treasury; Former President, Harvard University There is no topic more important, or more timely, or more urgent, than the China-U.S. trade war. Professor Lau is the ideal person to write about the implications of the China-U.S. trade war and the proposed resolution. —Tung Chee-Hwa Vice-Chairman, Chinese People’s Political Consultative Conference National Committee Chairman, China-U.S. Exchange Foundation The history of Sino-American relations, to a great extent, has been a shared history. Lawrence Lau’s timely and penetrating study will tell us it is still in best interest for both countries if they continue to pursue a shared journey and destination instead of parting ways. —Xu Guoqi Kerry Group Professor in Globalization History, The University of Hong Kong Author of Chinese and Americans: A Shared History This beautifully composed book uses nontechnical language to unravel the intricacies of the 2018 U.S.-China trade war, together with its long-term impact. I learned a lot from reading it. —Chen-Ning Yang Nobel Laureate in Physics (1957)
Merger Of The Century
Author: Diane Francis
Publisher: Harper Collins
ISBN: 1443424412
Category : Business & Economics
Languages : en
Pages : 329
Book Description
No two nations in the world are as integrated, economically and socially, as are the United States and Canada. We share geography, values and the largest unprotected border in the world. Regardless of this close friendship, our two countries are on a slow-motion collision course—with each other and with the rest of the world. While we wrestle with internal political gridlock and fiscal challenges and clash over border problems, the economies of the larger world change and flourish. Emerging economies sailed through the meltdown of 2008. The International Monetary Fund forecasts that by 2018, China's economy will be bigger than that of the United States; when combined with India, Japan and the four Asian Tigers—South Korea, Taiwan, Singapore and Hong Kong--China's economy will be bigger than that of the G8 (minus Japan). Rather than continuing on this road to mutual decline, our two nations should chart a new course. Bestselling author Diane Francis proposes a simple and obvious solution: What if the United States and Canada merged into one country? The most audacious initiative since the Louisiana Purchase would solve the biggest problems each country expects to face: the U.S.'s national security threats and declining living standards; and Canada's difficulty controlling and developing its huge land mass stemming from a lack of capital, workers, technology and military might. Merger of the Century builds both a strong political argument and a compelling business case, treating our two countries not only as sovereign entities but as merging companies. We stand on the cusp of a new world order. Together, by marshalling resources and combining efforts, Canada and America have a greater chance of succeeding. As separate nations, the future is in much greater doubt indeed.
Publisher: Harper Collins
ISBN: 1443424412
Category : Business & Economics
Languages : en
Pages : 329
Book Description
No two nations in the world are as integrated, economically and socially, as are the United States and Canada. We share geography, values and the largest unprotected border in the world. Regardless of this close friendship, our two countries are on a slow-motion collision course—with each other and with the rest of the world. While we wrestle with internal political gridlock and fiscal challenges and clash over border problems, the economies of the larger world change and flourish. Emerging economies sailed through the meltdown of 2008. The International Monetary Fund forecasts that by 2018, China's economy will be bigger than that of the United States; when combined with India, Japan and the four Asian Tigers—South Korea, Taiwan, Singapore and Hong Kong--China's economy will be bigger than that of the G8 (minus Japan). Rather than continuing on this road to mutual decline, our two nations should chart a new course. Bestselling author Diane Francis proposes a simple and obvious solution: What if the United States and Canada merged into one country? The most audacious initiative since the Louisiana Purchase would solve the biggest problems each country expects to face: the U.S.'s national security threats and declining living standards; and Canada's difficulty controlling and developing its huge land mass stemming from a lack of capital, workers, technology and military might. Merger of the Century builds both a strong political argument and a compelling business case, treating our two countries not only as sovereign entities but as merging companies. We stand on the cusp of a new world order. Together, by marshalling resources and combining efforts, Canada and America have a greater chance of succeeding. As separate nations, the future is in much greater doubt indeed.
The Implications of China-Taiwan Economic Liberalization
Author: Daniel H. Rosen
Publisher: Peterson Institute
ISBN: 0881325015
Category : Business & Economics
Languages : en
Pages : 217
Book Description
China and Taiwan have built one of the most intertwined and important economic relationships in the world, and yet that relationship is not mutually open, compliant with World Trade Organization norms, or even fully institutionalized. What's more, despite massive trade and investment flows, the boundary between the two is a serious flashpoint for potential conflict. But leaders in Beijing and Taipei have committed to normalize and deepen their economic intercourse and open a new post-Cold War era in their relationship. While the political significance of this gambit has captured attention worldwide, the scope of opening intended and the bilateral, regional, and global effects likely to ensue are as yet poorly understood. This volume attempts to remedy that uncertainty with careful modeling combined with a qualitative assessment of the implications of the cross-strait economic opening now agreed in an Economic Cooperation Framework Agreement (ECFA). The study explores the implications for Taiwan and China, for their neighbors, and for the United States if this undertaking is fully implemented by 2020.
Publisher: Peterson Institute
ISBN: 0881325015
Category : Business & Economics
Languages : en
Pages : 217
Book Description
China and Taiwan have built one of the most intertwined and important economic relationships in the world, and yet that relationship is not mutually open, compliant with World Trade Organization norms, or even fully institutionalized. What's more, despite massive trade and investment flows, the boundary between the two is a serious flashpoint for potential conflict. But leaders in Beijing and Taipei have committed to normalize and deepen their economic intercourse and open a new post-Cold War era in their relationship. While the political significance of this gambit has captured attention worldwide, the scope of opening intended and the bilateral, regional, and global effects likely to ensue are as yet poorly understood. This volume attempts to remedy that uncertainty with careful modeling combined with a qualitative assessment of the implications of the cross-strait economic opening now agreed in an Economic Cooperation Framework Agreement (ECFA). The study explores the implications for Taiwan and China, for their neighbors, and for the United States if this undertaking is fully implemented by 2020.
US-China Economic Relations
Author: Ha Jiming
Publisher: Peterson Institute for International Economics
ISBN: 0881327395
Category : Business & Economics
Languages : en
Pages :
Book Description
Outright trade war between the world’s two largest economies would be devastating to the working people of both countries, as well as destructive to the future of the entire world economy. The costs of conflict between China and the United States far outweigh the current causes of dispute in their economic relationship. These costs would be both direct, in terms of short-term losses of growth and employment, and indirect, in terms of long-term damage to the world trading system, diminishing investment and efficiency. There are points of genuine dispute between the United States and China over their economic interaction. Even if their economic significance is often exaggerated, these are legitimate points of contention and have to be addressed in a constructive manner. The analyses in this volume aim to contribute to a more reality-based consideration of both countries’ enlightened self-interests, which would yield progress on points of dispute in a manner consistent with keeping the world economy open for business.
Publisher: Peterson Institute for International Economics
ISBN: 0881327395
Category : Business & Economics
Languages : en
Pages :
Book Description
Outright trade war between the world’s two largest economies would be devastating to the working people of both countries, as well as destructive to the future of the entire world economy. The costs of conflict between China and the United States far outweigh the current causes of dispute in their economic relationship. These costs would be both direct, in terms of short-term losses of growth and employment, and indirect, in terms of long-term damage to the world trading system, diminishing investment and efficiency. There are points of genuine dispute between the United States and China over their economic interaction. Even if their economic significance is often exaggerated, these are legitimate points of contention and have to be addressed in a constructive manner. The analyses in this volume aim to contribute to a more reality-based consideration of both countries’ enlightened self-interests, which would yield progress on points of dispute in a manner consistent with keeping the world economy open for business.
Challenges to China's Economic Statecraft
Author: Yi Edward Yang
Publisher: Rowman & Littlefield
ISBN: 1498583458
Category : Political Science
Languages : en
Pages : 311
Book Description
Fueled by its surging economic strength, China has been increasingly utilizing economic tools such as trade, foreign aid, foreign direct investment, and sanctions to pursue strategic and security interests on the world stage. This approach, known as economic statecraft, has thus far received mixed policy results and ambivalent reactions from the international community. This book presents a collection of global assessment of China's economic statecraft. The contributors to this volume answer three key questions: What are the challenges faced by China’s economic statecraft? Why is China sometimes able to achieve its foreign policy objectives via economic statecraft and sometimes not? How do foreign countries, particularly the targets of China’s economic statecraft, respond to China's strategies? This comprehensive study examines economic statecraft in the context of more than a dozen nations and international organizations across four continents, thus providing a truly global perspective.
Publisher: Rowman & Littlefield
ISBN: 1498583458
Category : Political Science
Languages : en
Pages : 311
Book Description
Fueled by its surging economic strength, China has been increasingly utilizing economic tools such as trade, foreign aid, foreign direct investment, and sanctions to pursue strategic and security interests on the world stage. This approach, known as economic statecraft, has thus far received mixed policy results and ambivalent reactions from the international community. This book presents a collection of global assessment of China's economic statecraft. The contributors to this volume answer three key questions: What are the challenges faced by China’s economic statecraft? Why is China sometimes able to achieve its foreign policy objectives via economic statecraft and sometimes not? How do foreign countries, particularly the targets of China’s economic statecraft, respond to China's strategies? This comprehensive study examines economic statecraft in the context of more than a dozen nations and international organizations across four continents, thus providing a truly global perspective.
Two Innocents in Red China
Author: Pierre Elliot Trudeau
Publisher: D & M Publishers
ISBN: 1926706935
Category : Political Science
Languages : en
Pages : 3
Book Description
In the spirit of his father, Alexandre Trudeau revisits China to put a ground-breaking journey into a fresh, contemporary context. In 1960, Pierre Trudeau and Jacques Hébert, a labour lawyer and a journalist from Montréal, travelled to China in the midst of the Great Leap Forward. In 1968, when Two Innocents in Red China, Trudeau and Hébert’s sardonic look at a third world country’s first steps into the rest world, was released in English, Trudeau had become prime minister of Canada. “It seemed to us imperative that the citizens of our democracy should know more about China,” Trudeau wrote in the foreword. Four decades later, China’s emergence as an economic and military heavyweight beckoned Trudeau’s journalist son Alexandre to retrace his father’s footsteps and add additional material to the book. The result is a thought-provoking new perspective on the Canadian classic that helped open China to the world.
Publisher: D & M Publishers
ISBN: 1926706935
Category : Political Science
Languages : en
Pages : 3
Book Description
In the spirit of his father, Alexandre Trudeau revisits China to put a ground-breaking journey into a fresh, contemporary context. In 1960, Pierre Trudeau and Jacques Hébert, a labour lawyer and a journalist from Montréal, travelled to China in the midst of the Great Leap Forward. In 1968, when Two Innocents in Red China, Trudeau and Hébert’s sardonic look at a third world country’s first steps into the rest world, was released in English, Trudeau had become prime minister of Canada. “It seemed to us imperative that the citizens of our democracy should know more about China,” Trudeau wrote in the foreword. Four decades later, China’s emergence as an economic and military heavyweight beckoned Trudeau’s journalist son Alexandre to retrace his father’s footsteps and add additional material to the book. The result is a thought-provoking new perspective on the Canadian classic that helped open China to the world.
Canada-Africa Relations
Author: Yiagadeesen Samy
Publisher: McGill-Queen's Press - MQUP
ISBN: 0986707759
Category : Political Science
Languages : en
Pages : 332
Book Description
A wave of optimism has swept the African continent in the past decade. The pace and extent of social change in recent years, when measured in life expectancy, child and infant mortality rates, literacy, numeracy and the completion of higher education, is quite remarkable. The urban middle class is emerging and expanding in many African countries, while political democracy is developing and strengthening. These positive changes are generating economic growth and attracting foreign investment across the continent, especially in the resource sector. But Africa is still viewed by many as the “dark continent” dealing with serious problems — civil wars, ethnic division, corruption, HIV/AIDS, poverty, food security and the disastrous effects of climate change — and these issues may well impede the upward trajectory of Africa. Canada-Africa Relations: Looking Back, Looking Ahead — the 27th volume of the influential Canada Among Nations series — analyzes the ebb and flow of Canada’s engagement with Sub-Saharan Africa through different lenses over the past few decades and also looks to the future, highlighting the opportunities and the difficulties that exist for Canada and Sub-Saharan Africa. It is clear that a new Africa is emerging, and Canada must be prepared to change the nature of its relationship with the continent.
Publisher: McGill-Queen's Press - MQUP
ISBN: 0986707759
Category : Political Science
Languages : en
Pages : 332
Book Description
A wave of optimism has swept the African continent in the past decade. The pace and extent of social change in recent years, when measured in life expectancy, child and infant mortality rates, literacy, numeracy and the completion of higher education, is quite remarkable. The urban middle class is emerging and expanding in many African countries, while political democracy is developing and strengthening. These positive changes are generating economic growth and attracting foreign investment across the continent, especially in the resource sector. But Africa is still viewed by many as the “dark continent” dealing with serious problems — civil wars, ethnic division, corruption, HIV/AIDS, poverty, food security and the disastrous effects of climate change — and these issues may well impede the upward trajectory of Africa. Canada-Africa Relations: Looking Back, Looking Ahead — the 27th volume of the influential Canada Among Nations series — analyzes the ebb and flow of Canada’s engagement with Sub-Saharan Africa through different lenses over the past few decades and also looks to the future, highlighting the opportunities and the difficulties that exist for Canada and Sub-Saharan Africa. It is clear that a new Africa is emerging, and Canada must be prepared to change the nature of its relationship with the continent.
The Provinces and Canadian Foreign Trade Policy
Author: Christopher J. Kukucha
Publisher: UBC Press
ISBN: 0774858567
Category : Political Science
Languages : en
Pages : 258
Book Description
During the past thirty years, international trade agreements have focused increasingly on areas of provincial jurisdiction. In The Provinces and Canadian Foreign Trade Policy, Kukucha argues that Canadian provinces have maintained a level of autonomy in response to these developments, sometimes even influencing Canada's global trade relations and the evolution of international norms and standards. The first comprehensive review of provincial foreign trade policy in Canada, the book highlights the convergence of debates related to federalism, Canadian foreign policy, and the global political economy as they are played out in the negotiation and implementation of international trade agreements. It will be of interest to students and practitioners of political science, public policy, and economics.
Publisher: UBC Press
ISBN: 0774858567
Category : Political Science
Languages : en
Pages : 258
Book Description
During the past thirty years, international trade agreements have focused increasingly on areas of provincial jurisdiction. In The Provinces and Canadian Foreign Trade Policy, Kukucha argues that Canadian provinces have maintained a level of autonomy in response to these developments, sometimes even influencing Canada's global trade relations and the evolution of international norms and standards. The first comprehensive review of provincial foreign trade policy in Canada, the book highlights the convergence of debates related to federalism, Canadian foreign policy, and the global political economy as they are played out in the negotiation and implementation of international trade agreements. It will be of interest to students and practitioners of political science, public policy, and economics.
Schism
Author: Paul Blustein
Publisher: McGill-Queen's Press - MQUP
ISBN: 1928096867
Category : Business & Economics
Languages : en
Pages : 248
Book Description
China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.
Publisher: McGill-Queen's Press - MQUP
ISBN: 1928096867
Category : Business & Economics
Languages : en
Pages : 248
Book Description
China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.