Perhaps this concern has prompted the US to scuttle the

11 Jun

Perhaps this concern has prompted the US to scuttle the

 rounds of Sino上海千花坊女神会所-US trade talks, promote legislation on the protection of Taiwan

, increase its military presence in the South China Sea, and hype up the “clash of civilizations” narrative.

The US’ moves, combined with the global economic slowdown and China’s economic transformation, sho

uld impel China to expedite its supply-side structural reform, in order to achieve high-quality development as well as pro

mote economic globalization by further opening up its economy using the Belt and Road Initiative as a channel.

Market must play leading role in resource allocation

To counter the threats to economic globalization and build a ne

w and open economy, China should allow the market to play a lead

ng role in the allocation of resources and further open up the economy to domestic and foreign players, so

as to facilitate market integration and free and orderly flow of the factors of production.

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