January 21, 2010
A casual reader of the European and American media might be forgiven for thinking that many people see the West losing out to China over trade. It is understandable that many, including of course those who have lost their jobs to China, see a rising trade deficit (EU €169 billion and US $268 billion in 2008) and draw this conclusion. But this is only part of the story.
My article in World Commerce Review of December 2009 explains the current situation, reviews the trade relationship and trade frictions, addresses the issue of market economy status (MES) and looks to the future.Author : Stanley Crossick