Chinese trade policy faces three broad challenges currently: relations with the U.S; completion of the RCEP trade deal; and implementing the belt-and-road initiative. With the U.S. there are 24 ongoing trade cases (from the U.S. side) with varying degrees of severity. Most important is the section 301 review of Chinese intellectual property practices. That could result in broad or specific tariffs. An example of the damage tariffs can cause to exports can be see in solar panels – exports are $2.5 billion lower than they could be. China’s WTO complaint about the U.S. treating it as a non-...