Business leaders have begun to realize that disengagement with China will have a huge impact on the world order and inflict tremendous losses on major U.S. companies.

In the nineteenth century, the world was Europeanized. In the twentieth century, it was Americanized. Now, it is being Asianized – and much faster than you may think.

If prospects for a China-U.S. trade deal seem elusive, it’s because the core concepts of the two sides are so different.

Hong Kong, the world’s most densely populated region, is a special administrative region of the People’s Republic of China. Hong Kong’s economic and governing affairs are self-regulated due to its special status. Hong Kong has its own legal system and judiciary, and rights and freedoms not seen in mainland China. This special status is due to end in 2047.

In the here and now of climate change, it is easy to lose sight of important signs of progress. China, the world’s biggest emitter of greenhouse gases, is a case in point. By changing its economic model, shifting its sources of fuel, developing new transportation systems, and embracing eco-friendly urbanization, China’s sustainability strategy is an example of global leadership that the rest of the world should consider very carefully. In the rush to demonize China over trade, the West has missed this point altogether.

Despite pressure from President Trump to leave China, American businesses appear to be reluctant to do so. After years of operating profitably in China, and with no viable alternative country to which to transfer operations – including the United States – American businesses will make the financially smart choice of staying put.

There are significant and worrisome cracks forming in the commercial relationship between the US and China; neither party should have to resort to large-scale actions like tariffs in order to remedy their trade disputes.

The approach to the current China-US disputes by the US administration is counterproductive. The US must not let falsehoods being spread about China interfere with the creation of productive strategies that would better solve these economic issues.

U.S. senators have proposed to bar China Unicom and China Telecom from doing business in the United States.

The elimination of tariffs, barriers and subsidies will not only promote fair market competition and end policy distortions but will also greatly enhance the competitive advantage of enterprises. China’s free trade zones should pay heed and embrace such reform.