Standard Chartered Said China Would be a Champion of Free Trade

After the U.S. Trade Representative has once again put China on the “ Priority Watch List”, Standard Chartered has published a report that says China would become a real champion of free trade in the future. The report says China has become the world’s first “true mega trader” since Britain in the 1800s and its economy is far more dependent on opening up market overseas and at home than the U.S. .  The questions lies in how far away is the future? Arvind Subramanian from Peterson institute presumes that the country will take advantage its cheap exchange rate as long as it can and will only fully opens up at a point when that competitive advantage is lost.  Click Here