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This was predictable, but it is still disappointing --
China's subsidies (often channeled through SoE investment funds so they aren't WTO violations per se) and its "buy China" preferences in my view create the biggest global distortions.
reuters.com/article/us-usa…
China's subsidies (often channeled through SoE investment funds so they aren't WTO violations per se) and its "buy China" preferences in my view create the biggest global distortions.
reuters.com/article/us-usa…
Pattern alas is very familiar -- once you decide that you want a deal with China, you end up negotiating over the areas where China is prepared to give, not over the the areas that you consider most important ... so China ends up shaping the overall agenda.
Has been pretty clear for some time that China was willing to give the US some headline purchases (of ag and energy, which China has to import from someone) and to loosen some of its investment restrictions ... but not to give up its core import substituting industrial policies
