Instead of upholding Trump’s confrontational China policy, Biden should accept China’s central role in the global economy, and pursue a mutually beneficial trade agreement.
For Zhang Jun's latest contributions to The Japan Times, see below:
Shanghai and Shenzhen are both vital to China’s economic future. But neither is more important than the other and each has a unique role to play.
Like an overprotective parent, China's central government needs to learn to let go.
Whether the renminbi is added to the SDR basket this October, a gradual transformation of the global system to accommodate China seems all but inevitable.
Although China's economy has expanded at a staggering pace over the last three decades, its growth model is now widely agreed to be exhausted. Many economists endorse a shift to consumption-driven growth propelled by gains in efficiciency.
The economic slowdown in China belies its untapped potential. The question is whether Beijing will take advantage of the cost shocks to implement necessary structural reforms.