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The Trade War Shows China’s Economic Dream Is Dying. Beijing Now Has A Choice: Open Up Or Stagnate

The Trade War Shows China’s Economic Dream Is Dying. Beijing Now Has A Choice: Open Up Or Stagnate
Jingangshan Mountains

For decades, China’s development path has seemed clear. State management of key industries coupled with some level of free-market liberalisation elsewhere have made it easy to imagine that the country would soon return to superpower glory.

But that will not happen now. China will have to accept a US-dominated world order or step into the slow lane. There will be no Pacific century and all those historical wrongs will not be righted, certainly not this time…

To read more visit South China Morning Post.

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