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There's growing optimism that the US and China will soon wrap up a deal to end their $360 billion trade and tariffs drama. But even if China agrees to buy more US petroleum and soybeans or ease demands that foreign companies hand over intellectual property, President Trump's negotiators are unlikely to get Beijing to change on a more fundamental issue: the state's heavy hand in directing the economy and the advantages it gives many Chinese companies. Which is nothing new.
By Roozbeh Aliabadi4.5
44 ratings
There's growing optimism that the US and China will soon wrap up a deal to end their $360 billion trade and tariffs drama. But even if China agrees to buy more US petroleum and soybeans or ease demands that foreign companies hand over intellectual property, President Trump's negotiators are unlikely to get Beijing to change on a more fundamental issue: the state's heavy hand in directing the economy and the advantages it gives many Chinese companies. Which is nothing new.