Hank Greenberg Weighs in on the U.S.-China Trade Dispute
Some Friendly Advice for China’s Leaders
The trade dispute between the U.S. and China threatens to destabilize arguably the world’s most important bilateral relationship. A better understanding of the countries’ shared history may encourage wiser negotiations.
There is a great deal of pride in China for the country’s remarkable success. Compared with our population of roughly 300 million, China has a population of 1.4 billion. It should be no surprise that China is now the world’s second-largest economy. Since its economic opening in the 1970s, many Chinese citizens have been educated in the U.S. and then returned to China to become leaders in government and industry.
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The China of today is fully capable of competing with foreigners in its domestic markets on a level playing field, as its firms have proven overseas.