The trade imbalance between China and the United States is becoming a tool for Washington to pursue its “America First” objective. Is the trade imbalance really unfair to the United States? Is it fair to judge the trade relationship simply on the basis of surplus or deficit?
According to a reporter from Forbes on September 12, “A global power shift in the technology sector is underway… China has moved from imitator to innovator, and in the new era of fintech, biotech and machine learning, I expect it to take a global leading role.”
China’s economic report for the first half-year was released on the 18th of last month. Data showed the economy expanded at a faster-than-expected 6.9 percent year-on-year in the first six months of 2017.
