Has China Surpassed the US as the World’s Role Model?

China is calling for constructive dialogue and negotiations ahead of the President Donald Trump’s visit to Beijing next week as the world’s second-largest economy balances practical diplomacy with its own growing assertiveness.Chinese Foreign Ministry spokeswoman Hua Chunying demonstrated that balancing act when she addressed a question about the trade relationship with the U.S. on Thursday.”With deepening and fast growing economic and trade cooperation, it is inevitable that certain differences and frictions may arise between China and the U.S. But we should be aware that this doesn’t make [up] the mainstream of China-U.S. economic and trade relations,” said Hua.”We indeed hope that the U.S. will work with China for [shared goals, and] properly handle the relevant differences through dialogue and negotiation in a constructive way so as to ensure the steady and healthy development of China-U.S. economic and trade relations,” Hua added, according to an official transcript.

Source: Donald Trump visit to China: media says Beijing the ‘new role model’ – CNBC

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam