World rounds on China trade cheat

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Via Bloomie today:

U.S. President Donald Trump’s assault on China’s trade policies will garner several high-profile advocates on Wednesday, as some of the world’s largest commercial regions will meet in Geneva to thresh out the ramifications of Beijing’s entrance into the World Trade Organization 17 years ago.

Chinese representatives will say things are going well and that the nation is taking steps to open up its vast economy, according to people familiar with their stance. The U.S., the European Union, Japan and others will disagree and are expected to criticize China’s failure to embrace market-based principles and reform its intellectual property and subsidy regimes, said the people, who asked not to be named because the meeting hasn’t happened yet.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.