Last week, the heads of government of the world’s two largest economies, the US and China, had their first summit meeting. The most important item on the agenda was bilateral trade – half the US’ total trade deficit is with China. During the US election campaign, then candidate Donald Trump had promised to brand China as a “currency manipulator” on the day he assumes office — and threatened levy of huge duties on US imports from China. To implement the agenda he had appointed an anti-China economist as the commerce secretary. Could the Summit between the twentieth century’s economic superpower
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