Over the last decade, China has been working to shift from a manufacturing-led growth model fueled by low-cost labor to an innovation-led, higher-value-added model underpinned by strong productivity gains. Currently, though China is the world’s most populous country and its second-largest economy, and the country’s urbanization rate remains well below the global average.

Trump’s proposed corporate tax cuts are undercutting China. China should respond in kind.

China has articulated financial integration as one of the five priority areas for its Belt and Road initiative, and we should not overlook the momentum that this massive project might bring to regional financial integration. Over the past two years, Beijing has elaborated ways in which financial connectivity, new investment opportunities, and regulatory and supervisory cooperation might bring about a greater flow of capital within Belt and Road countries.

The escalated tensions between the U.S. and China are raising concerns about a potential trade war. In my last editorial, I talked about how our official trade

Without doubt, there are problems in the U.S.-China trade relationship. However, the current officially reported U.S.-China trade numbers are grossly inaccurate. It is concerning that world leaders are primarily relying on these misleading trade figures to make major decisions that have the potential to damage economies and create ill will among nations that heavily depend on each other for their prosperity.

The US government is using national security arguments to justify protectionism against Chinese investors.

Financial markets today are thriving. The Dow Jones industrial average, the S&P 500, and the Nasdaq composite index have all reached record highs lately, with emerging-economy financial markets also performing strongly. But digital currencies could further destabilize an already-tenuous leverage- and liquidity-based system.

President Trump’s decision to launch a Section 301 probe of China looks like a quick fix for the China-US trade imbalance. But the root causes of this imbalance require careful consideration and gradual solutions.

The WTO is the proper forum for resolving US-China disputes on IP. The alternative is trade war.

Book Review: Daniel W. Drezner The Ideas Industry: How Pessimists, Partisans and Plutocrats are Transforming the Marketplace of Ideas. Oxford University Press, 2017.