Reaching a deal for the US-China trade war is complicated by multiple objectives. For President Trump, moderating trade deficits serves his protectionist sentiments and political base. For the U.S. business community, it is all about China's unfair investment policies and improving market access. The security establishment sees these tensions as a great power rivalry for global dominance. In key aspects, these objectives are illogical or contradictory. Against this backdrop, Beijing seeks to become a more innovative nation driven largely by technological advancement but the US sees this coming at its expense. Is there mutually beneficial path forward and how will this affect Hong Kong's search for an economic and political transition that preserves its unique position?
Yukon Huang is a senior fellow at the Carnegie Endowment and a former World Bank Director for China. His latest book is "Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong. (Oxford University Press)