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| U.S. Weighs Tariff Relief but Some Fear China Will Take Advantage | U.S. Weighs Tariff Relief but Some Fear China Will Take Advantage |
| (1 day later) | |
| WASHINGTON — The coronavirus outbreak is prompting a heated debate among lawmakers and the White House over whether the Trump administration should remove the tariffs it has imposed on China and other nations to provide some economic relief. | WASHINGTON — The coronavirus outbreak is prompting a heated debate among lawmakers and the White House over whether the Trump administration should remove the tariffs it has imposed on China and other nations to provide some economic relief. |
| Supporters of lifting the tariffs, even temporarily, say it would be a simple and immediate way to help businesses and consumers struggling with higher costs from President Trump’s levies. U.S. tariffs on foreign steel, aluminum and more than $360 billion of Chinese goods have chipped away at profits for companies that depend on imported goods and parts, slowed business investment and weighed on households, particularly those on the lower end of the income scale. | Supporters of lifting the tariffs, even temporarily, say it would be a simple and immediate way to help businesses and consumers struggling with higher costs from President Trump’s levies. U.S. tariffs on foreign steel, aluminum and more than $360 billion of Chinese goods have chipped away at profits for companies that depend on imported goods and parts, slowed business investment and weighed on households, particularly those on the lower end of the income scale. |
| But opponents warn the move could provide China with an economic advantage at a particularly sensitive moment. Factories are slowly restarting in China, as the country shakes off the virus that began on its shores, but the outbreak in the United States and Europe continues to worsen, with schools, restaurants, offices and other Western businesses now closing. | But opponents warn the move could provide China with an economic advantage at a particularly sensitive moment. Factories are slowly restarting in China, as the country shakes off the virus that began on its shores, but the outbreak in the United States and Europe continues to worsen, with schools, restaurants, offices and other Western businesses now closing. |
| China hawks warn that the Chinese government and businesses will take advantage of any pause in tariffs to capture a larger share of global industries, putting Beijing on a dominant course for years to come. | China hawks warn that the Chinese government and businesses will take advantage of any pause in tariffs to capture a larger share of global industries, putting Beijing on a dominant course for years to come. |
| The White House has discussed lifting tariffs as part of an economic response, but several officials have said no such move is being considered. | The White House has discussed lifting tariffs as part of an economic response, but several officials have said no such move is being considered. |
| In an interview with C-SPAN on Friday morning, Steven Mnuchin, the Treasury secretary, said “general tariff relief is not on the table.” | In an interview with C-SPAN on Friday morning, Steven Mnuchin, the Treasury secretary, said “general tariff relief is not on the table.” |
| Mr. Mnuchin, who has been coordinating the government’s economic response, said he had spoken with Robert Lighthizer, the United States trade representative, about more targeted measures, such as providing exemptions for specific products. “There are small businesses that are impacted by this, I’m sure he will consider that,” he said. | Mr. Mnuchin, who has been coordinating the government’s economic response, said he had spoken with Robert Lighthizer, the United States trade representative, about more targeted measures, such as providing exemptions for specific products. “There are small businesses that are impacted by this, I’m sure he will consider that,” he said. |
| On Thursday, the Trump administration announced several targeted exclusions from its tariffs for specific health products, including surgical drapes, biohazard bags and latex exam gloves. That followed an announcement Tuesday that the administration had granted an exception to surgical gowns, hand sanitizer and other medical products. | On Thursday, the Trump administration announced several targeted exclusions from its tariffs for specific health products, including surgical drapes, biohazard bags and latex exam gloves. That followed an announcement Tuesday that the administration had granted an exception to surgical gowns, hand sanitizer and other medical products. |
| Some argue that the tariffs are impeding the ability of American hospitals and doctors to respond to the coronavirus, since China produces a large share of the medical goods and supplies used in the United States. | Some argue that the tariffs are impeding the ability of American hospitals and doctors to respond to the coronavirus, since China produces a large share of the medical goods and supplies used in the United States. |
| In a report released Friday, Chad Bown, a senior fellow at the Peterson Institute, wrote that Mr. Trump’s tariffs on Chinese medical products might be contributing to shortages and higher costs of vital equipment. | In a report released Friday, Chad Bown, a senior fellow at the Peterson Institute, wrote that Mr. Trump’s tariffs on Chinese medical products might be contributing to shortages and higher costs of vital equipment. |
| Imports of Chinese medical products have declined significantly since 2017, as Mr. Trump’s imposed tariffs, while U.S. demand for these products from other parts of the world grew at over 20 percent, according to Mr. Bown’s research. | Imports of Chinese medical products have declined significantly since 2017, as Mr. Trump’s imposed tariffs, while U.S. demand for these products from other parts of the world grew at over 20 percent, according to Mr. Bown’s research. |
| Leading business groups including the U.S. Chamber of Commerce, the National Association of Manufacturers and the U.S.-China Business Council have pressed the administration to roll back tariffs permanently as part of its emergency economic response. | Leading business groups including the U.S. Chamber of Commerce, the National Association of Manufacturers and the U.S.-China Business Council have pressed the administration to roll back tariffs permanently as part of its emergency economic response. |
| In a March 13 letter to the White House, the American Apparel and Footwear Association, the National Retail Federation and other trade groups requested the immediate elimination of tariffs on China and the retroactive refund of duties. | In a March 13 letter to the White House, the American Apparel and Footwear Association, the National Retail Federation and other trade groups requested the immediate elimination of tariffs on China and the retroactive refund of duties. |
| “We can think of no other policy tool at the administration’s disposal that would have such a fast and beneficial impact as the immediate and retroactive removal of these tariffs,” the letter read. “Such a move would instantly put billions of dollars back into the U.S. economy.” | “We can think of no other policy tool at the administration’s disposal that would have such a fast and beneficial impact as the immediate and retroactive removal of these tariffs,” the letter read. “Such a move would instantly put billions of dollars back into the U.S. economy.” |
| The idea of rolling back tariffs, in particular those on global metals, has strong support among free traders in Congress, including Senator Patrick J. Toomey, a Pennsylvania Republican, and Senator Charles E. Grassley, an Iowa Republican. | The idea of rolling back tariffs, in particular those on global metals, has strong support among free traders in Congress, including Senator Patrick J. Toomey, a Pennsylvania Republican, and Senator Charles E. Grassley, an Iowa Republican. |
| In an interview on Friday, Mr. Toomey said eliminating steel and aluminum tariffs would not affect China, since the United States has already virtually eliminated steel and aluminum imports from that country. However, it would help the American economy, he said. | In an interview on Friday, Mr. Toomey said eliminating steel and aluminum tariffs would not affect China, since the United States has already virtually eliminated steel and aluminum imports from that country. However, it would help the American economy, he said. |
| “I think it would be a boost for markets, and more importantly it would be good for steel- and aluminum-consuming industries, and that would help stabilize the economy and employment, at least on the margins,” Mr. Toomey said. | “I think it would be a boost for markets, and more importantly it would be good for steel- and aluminum-consuming industries, and that would help stabilize the economy and employment, at least on the margins,” Mr. Toomey said. |
| He added that measures to curtail the metal tariffs could be included in a stimulus package that the House passed early Saturday and awaits Senate action. “Certainly, whatever the House sends over could be a vehicle for us to amend it with stuff like this,” he said. | He added that measures to curtail the metal tariffs could be included in a stimulus package that the House passed early Saturday and awaits Senate action. “Certainly, whatever the House sends over could be a vehicle for us to amend it with stuff like this,” he said. |
| But in a letter sent to Congress on Friday afternoon, Thomas M. Conway, the international president of the United Steelworkers Union, cautioned against removing tariffs on steel, saying that it would harm an industry that is already struggling as a result of auto plant closures and a general slowdown in manufacturing. | But in a letter sent to Congress on Friday afternoon, Thomas M. Conway, the international president of the United Steelworkers Union, cautioned against removing tariffs on steel, saying that it would harm an industry that is already struggling as a result of auto plant closures and a general slowdown in manufacturing. |
| “Production cuts, idling and layoffs have already been announced at manufacturing facilities across the country, and if the current crisis continues we can expect more bad news,” Mr. Conway wrote. “Now is not the time to bring about more closures and curtailments in our basic industry and allow a flood of imports to crush the domestic industry and its workers.” | “Production cuts, idling and layoffs have already been announced at manufacturing facilities across the country, and if the current crisis continues we can expect more bad news,” Mr. Conway wrote. “Now is not the time to bring about more closures and curtailments in our basic industry and allow a flood of imports to crush the domestic industry and its workers.” |
| Mr. Conway, whose group pressed for the tariffs initially, also argued that rolling back tariffs could advance China’s interests. He cited research from Horizon Advisory, a firm that analyzes Chinese-language publications, speeches and other documents, which suggested that some Chinese strategists believe that emerging from the coronavirus first would give China an economic opportunity. | Mr. Conway, whose group pressed for the tariffs initially, also argued that rolling back tariffs could advance China’s interests. He cited research from Horizon Advisory, a firm that analyzes Chinese-language publications, speeches and other documents, which suggested that some Chinese strategists believe that emerging from the coronavirus first would give China an economic opportunity. |
| Some Chinese government officials and leading academics have framed the pandemic as an opportunity to increase the global market shares of Chinese companies, attract foreign investment and strengthen China’s influence over systems including 5G telecom networks, Horizon Advisory analysts said in a research note published Thursday. | Some Chinese government officials and leading academics have framed the pandemic as an opportunity to increase the global market shares of Chinese companies, attract foreign investment and strengthen China’s influence over systems including 5G telecom networks, Horizon Advisory analysts said in a research note published Thursday. |
| They have also portrayed this as a moment to cast off the yoke that the Trump administration’s trade actions put on China, which were aimed at encouraging international companies to move their supply chains out of China to avoid tariffs, the note said. | They have also portrayed this as a moment to cast off the yoke that the Trump administration’s trade actions put on China, which were aimed at encouraging international companies to move their supply chains out of China to avoid tariffs, the note said. |
| Some analysts have said that Mr. Trump’s trade war and China’s strict measures to contain the spread of the coronavirus have encouraged companies to move their supply chains, because many factories were shut down for weeks. But the spread of the virus around the world, and China’s early recovery from it, could change that calculation. | Some analysts have said that Mr. Trump’s trade war and China’s strict measures to contain the spread of the coronavirus have encouraged companies to move their supply chains, because many factories were shut down for weeks. But the spread of the virus around the world, and China’s early recovery from it, could change that calculation. |
| “As the virus spreads internationally, China will get more opportunities, including in the reduction of pressure to transfer the international industrial chain away from China,” according to a March 9 report jointly written by the Shanghai Advanced Institute of Finance, an economic research institute set up by the city of Shanghai, and the China Institute of Finance Research Group at Shanghai Jiaotong University. | “As the virus spreads internationally, China will get more opportunities, including in the reduction of pressure to transfer the international industrial chain away from China,” according to a March 9 report jointly written by the Shanghai Advanced Institute of Finance, an economic research institute set up by the city of Shanghai, and the China Institute of Finance Research Group at Shanghai Jiaotong University. |
| Updated June 16, 2020 | |
| The coronavirus emergency relief package gives many American workers paid leave if they need to take time off because of the virus. It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of the coronavirus. It is the first time the United States has had widespread federally mandated paid leave, and includes people who don’t typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the country’s largest employers, and gives small employers significant leeway to deny leave. | |
| So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement. | So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement. |
| Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks. | Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks. |
| A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study. | A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study. |
| The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April. | The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April. |
| Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission. | Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission. |
| States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people. | States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people. |
| Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days. | Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days. |
| If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.) | If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.) |
| Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications. | Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications. |
| The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing. | The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing. |
| If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others. | If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others. |
| If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested. | If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested. |
| Xu Xiaolan, the president of the China Industrial Internet Research Institute at the Ministry of Industry and Information Technology, wrote in an online essay that recovery from the virus could accelerate China’s push toward technologies like the internet of things and 5G. | Xu Xiaolan, the president of the China Industrial Internet Research Institute at the Ministry of Industry and Information Technology, wrote in an online essay that recovery from the virus could accelerate China’s push toward technologies like the internet of things and 5G. |
| “Based on China’s national system advantages, better infrastructure, huge mature consumer market, improved labor quality and advanced technologies — including big data, cloud computing, artificial intelligence — China will accelerate in the post-epidemic era with transformations characterized by ‘online’ and ‘industrial interconnection,’” she wrote. | “Based on China’s national system advantages, better infrastructure, huge mature consumer market, improved labor quality and advanced technologies — including big data, cloud computing, artificial intelligence — China will accelerate in the post-epidemic era with transformations characterized by ‘online’ and ‘industrial interconnection,’” she wrote. |
| China has already begun to portray itself as a leader in a global health crisis, at a moment when the United States is more absent on the international stage than its has been in decades. While maligned for its initial cover-up of the spread of the virus, China is now aggressively publicizing its efforts to provide other countries with medical supplies and genetic data to combat the coronavirus. | China has already begun to portray itself as a leader in a global health crisis, at a moment when the United States is more absent on the international stage than its has been in decades. While maligned for its initial cover-up of the spread of the virus, China is now aggressively publicizing its efforts to provide other countries with medical supplies and genetic data to combat the coronavirus. |
| It has agreed to send masks, ventilators, respirators and test kits to Italy as part of an aid package. On Friday, the Chinese entrepreneur Jack Ma said that his foundation had sourced and prepared 500,000 testing kits and one million masks to be donated to the United States, after efforts to donate materials to Japan, South Korea, Italy, Iran and Spain. | It has agreed to send masks, ventilators, respirators and test kits to Italy as part of an aid package. On Friday, the Chinese entrepreneur Jack Ma said that his foundation had sourced and prepared 500,000 testing kits and one million masks to be donated to the United States, after efforts to donate materials to Japan, South Korea, Italy, Iran and Spain. |
| “The pandemic we face today can no longer be resolved by any individual country,” Mr. Ma wrote. “United we stand, divided we fall!” | “The pandemic we face today can no longer be resolved by any individual country,” Mr. Ma wrote. “United we stand, divided we fall!” |
| Emily de La Bruyère, an analyst at Horizon Research, said the current moment had parallels to the 2008 financial crisis. While Western economies faltered, China rolled out enormous stimulus measures that delayed the impact of the crisis on its economy for many months. In the end, China greatly expanded its global influence, Ms. La Bruyère said. | Emily de La Bruyère, an analyst at Horizon Research, said the current moment had parallels to the 2008 financial crisis. While Western economies faltered, China rolled out enormous stimulus measures that delayed the impact of the crisis on its economy for many months. In the end, China greatly expanded its global influence, Ms. La Bruyère said. |
| The difference is that 2008 “was the opportunity to reach a certain degree of parity, and now they’re saying this is about leapfrogging” the United States, she said. | The difference is that 2008 “was the opportunity to reach a certain degree of parity, and now they’re saying this is about leapfrogging” the United States, she said. |
| But Eswar Prasad, a China expert and economist at Cornell University, said China still faced a major challenge in restarting its economy, especially a time when global demand for its products will be weak. | But Eswar Prasad, a China expert and economist at Cornell University, said China still faced a major challenge in restarting its economy, especially a time when global demand for its products will be weak. |
| “With overall global demand contracting sharply, this is not necessarily an advantageous time for Chinese firms to be able to increase global market share in a durable manner,” Mr. Prasad said. | “With overall global demand contracting sharply, this is not necessarily an advantageous time for Chinese firms to be able to increase global market share in a durable manner,” Mr. Prasad said. |
| Scott Kennedy, a China expert at the Center for Strategic and International Studies, said that some Chinese companies might try to take advantage of market dynamics by cutting out competitors, but that, on the whole, China’s recovery would be helpful, rather than harmful, for restarting economic growth worldwide. | Scott Kennedy, a China expert at the Center for Strategic and International Studies, said that some Chinese companies might try to take advantage of market dynamics by cutting out competitors, but that, on the whole, China’s recovery would be helpful, rather than harmful, for restarting economic growth worldwide. |
| “In sum, the world should welcome a recovering Chinese economy but simultaneously be vigilant against a possible jump in uncompetitive behaviors,” he said. | “In sum, the world should welcome a recovering Chinese economy but simultaneously be vigilant against a possible jump in uncompetitive behaviors,” he said. |