By  on June 20, 2018

The looming threat of a trade war between China and the U.S. is a “lose-lose” situation for both the economies, believes Justin Yifu Lin, dean at Peking University’s Institute of New Structural Economics.

“Regarding the current conflicts between China and the U.S. over the trade issue, it appears to be triggered by the large trade deficit between China and the U.S.” he said. “Before 1984, China had a deficit to the U.S. and since 1985 China enjoyed a trade surplus with the U.S.

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