Donald Trump’s supposed 45 percent tariff on Chinese imports would punish American consumers, violate international trade rules, and ignite a trade war. However, given when a Chinese company pays top dollar to acquire a public U.S. company, shareholders generally receive cash in excess of the stock price, which goes right to the pockets of U.S. households and retirees.

The U.S. Treasury department has released a report on currency policy and trade between its major partners, selectively picking rules from the IMF’s list of currency manipulations actions to its advantage. To fix the porous global currency system, the Obama Administration should sit down with China and re-write multilateral rules and create a diverse supply of safe globally traded assets.

Through new policies like the lowest customs threshold, intermediary responsibility, privacy, intellectual property rights, consumer protection, electronic signature and settlement of issues, the evolving global trade framework can promote interconnection and interflow in information, trade and industry so as to bring a new boom via the new round of trade globalization talks.

Increasing US technology and equipment exports to China would not only helping Chinese industrial upgrading, but also help US production in a time of sliding Chinese demand for US goods. Finalizing a bilateral investment treaty and closer collaboration between both governments and business to clinch more PPP projects in US infrastructure investments also would benefit both countries.

Beijing does not expect the Obama administration to enthusiastically support this initiative or the Asian Infrastructure Investment Bank, but it does hope that the American side can be serious about the tremendous potential for the two countries to formulate a global development partnership.

Like Hollywood blockbuster films, US-style theme parks aren’t automatic winners in today’s China, where many discerning customers have already traveled to experience such fun in places like Orlando or Tokyo. Entertainment professionals who covet the lucrative market must honestly meet their promise of “creating a unique experience for every customer.”

The downward pressure on GDP growth has eased a bit and the economy has rebounded somewhat, mainly because of government investment in infrastructure and the real estate speculation despite a lack of domestic residential demand. Therefore, the state of China’s economy remains a mixed picture.

Driven by factors such as unprecedented financing growth and increased investments by governments, the economy in the first quarter showed an obvious marginal improvement, which could maintain until June. The price includes an excessive money supply, a rising leverage level and the structural aggravation, therefore, doubts remain whether such improvements could sustain for the long term.

The history of U.S. engagement in global commerce is intricately intertwined with the Panama Canal. China, through a private investment partnership, has made plans to construct a similar canal through Nicaragua. Though the countries own politics will determine its viability, environmental and funding issues may derail it sooner.

This 18th edition of the American Business in China White Paper reflects AmCham China member companies’ general commitment to the China market but also illustr