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.
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.