On Tuesday, the United States Commerce Department issued a preliminary decision to levy an import tax on shipments of aluminum foil from China. This decision co

China-U.S. relations should not be confined by the so-called “trade balance.” Their relations should go beyond the 100-day action plan, and they should reassess and redefine the “economic balance.” By doing so, it will help lift China-U.S. economic cooperation and trade onto the track of “win-win” and sustainable development. Republican presidential candidate Donald Trump speaks Wednesday during a campaign rally in Miami. (EVAN VUCCI, ASSOCIATED PRESS)

In the near-term, the trigger for increased China-U.S. tensions might be foreign policy-related, for example, a hardening of positions on North Korea or a maritime incident. Or it could come from the U.S. taking more punitive economic measures.

This week, among the chaos of the Trump administration, talks of trade actions against China swirled after Reuters reported that Trump was expected to issue a m

Since the start of 2017, China’s economy has shown a stable recovery supported by the better-than-expected exports, high industrial reserves, and a hot property market. Even with financing difficulties and rising costs, it appears that China’s economy will continue to stabilize with improvement through the latter half of the year.

As Chinese State-owned enterprises experience a new phase of change due to an increased number of mergers. Experts and economists throughout the world are attempting to explain the significance of this new phase. However, to place these mergers in the proper context, it is prudent to first examine history and understand the past stages of this country’s SOE reforms.

Recently, the Trump administration continuously sends out signals that it is considering to make a final decision on the Section 232 investigations into steel, claiming some steel imports are threatening the US national security and hinting to impose barriers to limit steel import, and that the final and exact tariffs or quotas will depend on negotiation results with related countries.

China’s transformation into a knowledge-based economy occupying a central position in the global value chain will ultimately yield a “reform dividend.” But as exciting as that transformation will be, it will also be dangerous. Never before has an economy so large undergone such far-reaching change so quickly

Enduring wage disparities and outdated and imbalanced tax structures are seen as contributors to growing inequality, where neither the U.S. nor China are immune. Business, government and civil society leaders must come together to ensure the quality of education is improved to meet the demands of a technology-driven knowledge economy.

China-US cooperation based on mutual respect and equality are key to the G20’s success. Timely and effective communication between the leaders and reaffirmed commitment to this approach would contribute to the G20’s role in promoting economic recovery and ultimately inclusive growth of the world.