Considering that 2018 marks the 40-year anniversary of China’s reform and opening up, one remains very hopeful that all the announced measures will be realized soon.
The China-US relationship will continue to shape the global political and economic landscape for the long-term future. If anything goes wrong between these two, the repercussions would be global.
Fair trade, or reciprocal treatment, is relative as well as historic. The fairness may vary depending on whom and when we contextualize such trade.
Looking ahead, there is still a lot to do to deregulate China's trade policy and further open its market commensurate with its power. There are multiple instruments that can be used for that purpose.
When the page of Chinese lunar calendar is about to turn over to the new year of 2018, what is happening between the US and China doesn’t augur well for the future of bilateral trade relations between the two big players.
China's accession and the delivery on the commitments that followed did play a role in putting China on a path for fast-track growth in the decade after 2001. However, the stagnating Doha Round failed to provide the boost China needed to stay on that fast track.