May 06, 2020 | Report
There is much concern in the foreign business community about whether and how COVID-19 accountability and liability disputes, and potential policy actions by the two sides, could affect the US-China trade relationship and the business environment for MNCs in China.
As we have argued, the US-China “trade war” reflects, at its core, the tensions of a “competition of systems” – specifically, the CCP’s state capitalist system versus the market economy system of ‘the West’. Both systems have strengths and weaknesses; but because they embrace fundamentally different goals and values, they don’t play well together.
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