In an ideal world, China’s government could respond by stimulating household consumption. But, in the absence of further reforms in areas like social security, growth in consumer spending is bound to be slow.

Despite all the predictions of doom by Western pundits in 1997, Hong Kong has done well since its reversion of sovereignty to China twenty years ago. 

As long as China continues to carry out its export-driven economic growth model through its strong state capitalism, then the U.S. business community will still have to face trade protectionism through non-tariff barriers, industrial policy, subsidies, and currency manipulation.

Despite years of protectionist polices put into action by its government, the American steel industry continues to flounder. As President Trumps launches a new protectionist agenda under the guise of national security imperatives, he continues to ignore the problems that truly plague U.S. steel.

Currently, the world economy is at a critical juncture as new drivers of growth take the place of old ones. Chinese President Xi Jinping addressed the challenges of downward economic cycle lies in supply-side structural reforms. Obviously, the new growth cycle must be built upon a new structure - one that features the extensive application of S&T innovation results.

The RMB’s fall against the dollar reflects the slowing of China’s debt-fueled economic growth and the accumulation of default risks. Chinese residents and companies are, not surprisingly, seeking new ways (legal and otherwise) to move money out of the country.

The new rapprochement between Brussels and Beijing involves converging economic interests between Europe and China – and diverging strategic interests between Europe and America. While the shift was conceptualized as a reaction to a policy vacuum created by Trump, in reality, the ties between Brussels and Beijing have grown steadily since the 1990s, even when U.S.-Chinese ties have fallen under pressure.

As economic and trade relations between these two great nations evolves toward benign interaction, both countries should transcend the 100-Day Economic Plan and promote implementation of a post-100-day plan. In terms of broad prospects for cooperation, they should deepen industrial cooperation to promote the integration of a range of high-quality factors of production and innovative resources.

The vote is a rejection of the “Hard Brexit” plan to take the UK out of both the Single Market and the Customs Union, and allows for the first time wide-range, cross-party dialogue on the goals of Brexit and perhaps a real opportunity to form a consensus.

The value of Cuba’s tourist industry has always been measured against the eventual opening of relations with the United States as well as the potentially large market created by U.S. travelers and trade. Any direct investment in Cuba has always been tempered by this reality, foreign investors such as China will now have to calculate whether to partner with state–owned enterprises or find other means.