The escalating trade tensions between the United States and China have grabbed global attention since late March, and many are worried that globalization is being challenged by unilateralism. To tackle this issue, it is necessary to take the road of globalization and openness.

President Xi Jinping’s speech offers great insight into the future landscape of China.

China is determined to build upon its previous success in tax reform by carrying out further tax cuts, which are set to come into effect starting on May 1, in order to “activate the market and boost people’s creativity.” These measures aim to boost economic growth and provide a response to increasing trade tensions with the United States.

These are the obstacles in the way of global development.

Trump may never be able to live up to his campaign promise of getting Mexico to pay for the wall, but he would be able to say that he rebuilt America--and got China to pay for it.

China is well prepared to handle any negative effects from its trade dispute with the United States, the commerce ministry said on Thursday, adding that Beijing’s tariff hikes on U.S. imports will not have a big impact overall on its domestic industries.

There have not been any bilateral talks over trade frictions between China and the United States, China's Ministry of Commerce said on April 19.

The U.S. should produce new products for export to China to reduce the trade deficit.

Those who take Trump more literally on trade issues warn that he really does measure success by rebalancing trade in favor of significantly more U.S. exports and fewer imports. Most trade experts would agree that none of the concessions China is likely to make in the near future would significantly erode China’s massive trade surplus with the United States.

Long the ballast of China-U.S. relations, bilateral trade is now a sore point.