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NOTHING IS PERMANENT EXCEPT CHANGE

With the multilateral gathering just over a month away, it has become clear that Beijing’s courtship of the European Union has failed.

In a speech at the Atlantic Council in Washington last Thursday, EU Trade Commissioner Cecilia Malmström said the rules of the World Trade Organization (WTO) “need to be updated to face 21st-century realities. In particular, unfair trading practices from China, like forced technology transfer and state subsidies.”

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PS: TRADE WAR (CÓ THỂ CẢ CURRENCY WAR!) LÀ RẤT KHÓ TRÁNH! Xuất khẩu từ Trung Quốc sang Mỹ tăng trưởng nhanh hơn rất nhiều so với việc Trung Quốc nhập khẩu hàng từ Mỹ.

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