If China’s moves towards financial opening did not soften the U.S. administration’s stance toward China after President Trump’s visit last year, why would this year’s Boao Forum speech, containing mostly old ideas, be any different?

Trade talks, not trade war.

United States Trade Representative Robert Lighthizer’s Section 301 report appears to be an ironclad case against China— but don’t be fooled. As Stephen Roach argues, the report is wide of the mark in several key areas.

China’s long-term focus on the direction of its tech market gives it a clear edge over the United States in the latest tech tussle between the two countries: a ban announced by the U.S. government earlier this month forbidding any U.S. companies from selling any parts or software to Chinese telecom company ZTE.

The Trump administration gives no credit to China.

The escalating trade tensions between the United States and China have grabbed global attention since late March, and many are worried that globalization is being challenged by unilateralism. To tackle this issue, it is necessary to take the road of globalization and openness.

President Xi Jinping’s speech offers great insight into the future landscape of China.

China is determined to build upon its previous success in tax reform by carrying out further tax cuts, which are set to come into effect starting on May 1, in order to “activate the market and boost people’s creativity.” These measures aim to boost economic growth and provide a response to increasing trade tensions with the United States.

These are the obstacles in the way of global development.

There is a strong economic and strategic case for the US to return to the TPP.