Posted inBeijing, China, Middle East, World

Trump needs to understand limits of Chinese reform

To borrow a phrase from Antonio Gramsci, the late Italian Marxist, China’s attempt to break US President Donald Trump’s momentum meant moving from a war of maneuver to a war of position. This favors team Trump because it weakens China’s negotiating posture; having to field policy resolution means replacing components of China’s favorable mercantilist regime. […]