When China joined the WTO, one of the conditions were to have certain sectors be opened up for a competition. Some foreign companies wanted to come in for the Chinese market and some even voluntarily traded in their key technologies. Now, today, financial sectors is being liberalized, and they're inviting the foreign institutions to come in - which will be good for China as well.
Is China, with its unfair trade policies and shameless theft of intellectual property, an enemy that needs to be reined in? Or is it in the West’s best interests to view China as a strategic partner and aim for mutual respect and cooperation?
We were joined by Beijing-born Professor of Economics at the LSE Keyu Jin; politician and former cabinet minister Sir Malcolm Rifkind; and Martin Wolf, Chief Economics Commentator at the FT. The event was chaired by Carrie Gracie, BBC News Presenter and the BBC’s first China Editor.
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