There is little evidence that an undervalued renminbi played a major role in driving China’s trade surpluses over the past decade. Likewise, a causal relationship between the U.S. trade deficits and China’s surplus has been assumed that is not true. Structural shifts, not an undervalued exchange rate, were the major factors driving China’s export capabilities. However, political systems need to find ways to address local interests without giving up the benefits that globalization can bring.

The combined effects of globalization and technological change caused “deindustrialization” across a wide swath of the United States. Deindustrialization is responsible for making good paying manufacturing jobs requiring low to medium skills scarce, eviscerating the middle class in certain regions, and stoking political resentment—a major issue for workers both in the U.S. and China.

The US has accused China of illegally subsidising rice, corn and wheat farmers, adding agriculture to a growing list of Washington's concerns over Chinese overproduction and distortion of global markets.

China and the United States are still hopeful that the two countries could conclude negotiations on a bilateral investment treaty (BIT) under the Obama administ

China's commerce ministry will launch an anti-monopoly probe into Comcast Corp's (CMCSA.O) planned purchase of DreamWorks Animation after receiving unspecified complaints that the U.S. media deal could hurt competition in the Chinese market.

China and the United States are still in frequent discussion about a bilateral trade pact, despite a challenging global trade environment, a Chinese commerce official said on Thursday.

Donald Trump’s nomination as the presumptive GOP candidate has come amid global alarm that the openly protectionist candidate will launch a series of anti-free trade initiatives if elected. However, a trade war with Mexico, and even more so with China, would have catastrophic consequences for the U.S. economy.

The US wants China to deepen its market-oriented reform and maintain social stability, and on the other, it demands that China reduce its excess capacity immediately. These two tasks are obviously contradictory, and now that China has become the largest trading partner of the US, a cooperative approach by both sides is both logical and necessary.

We often hear that China “manipulates its currency” and harms the U.S. economy. Some say if we punish China as a manipulator or slap tariffs on Chinese goods it would reduce our trade deficit. But what does currency manipulation mean? More importantly, would tariffs on Chinese goods help our economy?

The United States warned China on Thursday that it had not done enough to qualify for market economy status, especially in steel and aluminium, sowing the seeds for a trade battle between Washington and Beijing at the end of 2016.