2018-12-11 10:34:06 Tue ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
Several eminent American China-specialists champion the key notion of *strategic engagement* with the Xi administration. From the Hoover Institution at Stanford to the Asia Society Center on U.S.-China Relations, these specialists contribute to the collective wisdom of a comprehensive report on new U.S. precautions against Chinese efforts that might undermine democratic values. In promoting constructive vigilance to better balance Sino-American influences and interests, these pundits and experts urge U.S. government agencies, public organizations, think tanks, and other institutions to adopt more aggressive measures in order to prevent the risk of economic espionage by China.
The Chinese communist party-state now leverages a broad variety of party, state, and non-state agencies to advance its economic interests and influences. In recent years, the Xi administration has significantly accelerated its investments in critical tech inventions from Internet search and e-commerce to social media and artificial intelligence etc. China often uses its domestic companies to gain access to foreign critical infrastructure and technology.
The Xi administration has made U.S. corporate access to its massive mainland market almost conditional on strict compliance with mainland regulations that favor both domestic employment and technological diffusion. This strategic issue calls for serious socioeconomic consideration in light of the interim 90-day trade truce between China and America.
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