Don't expect fundamental changes in China: Expert

With tough talk on both sides, few are enthusiastic about a deal emerging from the meeting between US President Donald Trump and Chinese President Xi Jinping at the G-20 summit. US economist Dr Adam Posen breaks down the impact of the trade war.
A recent employment report shows job creation and wage growth in the US were below expectations last month. This, against the backdrop of the trade war with China, has triggered concern among analysts.
A recent employment report shows job creation and wage growth in the US were below expectations last month. This, against the backdrop of the trade war with China, has triggered concern among analysts.PHOTO: AGENCE FRANCE-PRESSE
Dr Adam Posen is president of the Peterson Institute of International Economics.
Dr Adam Posen is president of the Peterson Institute of International Economics.

Economist says Washington's tactic of using tariffs for leverage won't succeed with Beijing

Decoupling the United States from China does not make it more likely that Beijing will budge on conceding fundamental changes, said a leading American economist.

"If you have very narrow, specific goals, then you can get them to a trade negotiation (on tariffs)," Dr Adam Posen, president of the Peterson Institute of International Economics, a private, non-partisan think-tank, told The Straits Times.

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A version of this article appeared in the print edition of The Straits Times on June 11, 2019, with the headline 'Don't expect fundamental changes in China: Expert'. Print Edition | Subscribe