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Reconsidering the "Washington Consensus"

Reconsidering the "Washington Consensus"
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Voracious consumers bolster Sino-US trade

By HENG WEILI in New York |
China Daily Global |
Updated: 2021-07-27 09:06
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Cargos are unloaded from a container ship at the container terminal of the Lianyungang Port in East China s Jiangsu province, on Jan 14, 2021. [Photo/Xinhua]
Imports, exports between two countries boom in first half of 2021
Looking at the latest China-US trade figures, fueled by voracious consumer demand, it would be hard to tell the two countries have been involved in a trade standoff for over three years.
We said during the trade war the global economy would continue to grow and prosper, and it has. China was, and remains, our largest trading partner, accounting for about 60 percent of containerized imports and 30 percent of exports in 2020, Noel Hacegaba, deputy executive director of the Port of Long Beach in Southern California told China Daily. ....

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Opinion | Biden and Trump agree more than you think

Continuity with Trump policies is the most underreported story of 2021. ....

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China and the WTO: How can they work together better? | VOX, CEPR Policy Portal

Simon Evenett, Richard Baldwin
Editor s note: This is the final column in a three-part series on China and the WTO. Read the first two columns here and here.
In the first part of this three-part series, we argued that WTO members had high expectations that by admitting China into their midst, its economic system would gradually converge to the liberal economic system, which has been implicit in the GATT and then the WTO agreements. In the second part, we saw that many of China’s trading partners, in particular the US and the EU, feel that China has not lived up to their expectations. ....

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COVID-19 and Trade

COVID-19 and Trade
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