News analysis

China relooks economic moves amid trade war

China has decided to postpone deleveraging and focus on engineering a soft economic landing through near-term policy accommodation. Beijing will also likely accelerate plans to wean its dependence on the US by strengthening its legal frameworks, education system, and research and development capabilities - goals consistent with the domestic push for greater innovation-driven growth.PHOTO: AGENCE FRANCE-PRESSE
China has decided to postpone deleveraging and focus on engineering a soft economic landing through near-term policy accommodation. Beijing will also likely accelerate plans to wean its dependence on the US by strengthening its legal frameworks, educ

The Trump administration has asserted that its trade engagement with China is about extracting fairer terms, as decades of unfavourable tariff rates, state support and intellectual property theft have accelerated the hollowing-out of US industrial base.

But what if the United States' intention is not just to reset the trading relationship but part of a wider strategy to thwart China's technological rise and rein in Beijing's rising global influence?

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A version of this article appeared in the print edition of The Straits Times on September 03, 2018, with the headline 'China relooks economic moves amid trade war'. Subscribe