"From the very beginning, the Communist Party seems to have understood that Trump’s threats were, for the most part, merely for show. By refusing to be rattled, China has enjoyed a series of rhetorical and strategic triumphs that have enhanced its global image and increased its international influence. China also appears to have assessed that Trump, the self-proclaimed master deal maker, would rather have a bad deal than no deal at all, and could be persuaded to compromise on almost anything in order to declare a “win.”
Take the $250 billion in deals announced during Trump’s visit to China in November. Many of the agreements were nonbinding memorandums of understanding, and some had already been negotiated. And while they made a nice headline, they did nothing to address the fundamental problems that U.S. companies face in China: requirements to share technological trade secrets with Chinese partners in exchange for access to Chinese markets; restrictions on entering huge swathes of the economy; industrial policies that explicitly aim to oust foreign firms in fields ranging from information technology to electric vehicles."
https://www.blogger.com/blogger.g?blogID=6889669901833866910#editor/target=post;postID=6149928873223663528
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