economy - War on textile could have been avoided - FT

Arthur Kroeber of the China Economic Quarterly accuses in the Financial Times world leaders of lack of leadership.

"The recent surge in China’s textile exports to Europe and America, which threatens to spark a trade war, was an entirely predictable problem whose political impact could easily have been prevented by more intelligent economic leadership last year.
"The textile battle is, moreover, merely a symptom of deeper imbalances in the world economy, which can only be resolved by strong economic leadership from a traditional source (America) and a new one (China). So far neither side has shown itself up to the task."

Shulan offers in the comments another perspective 'Can China bee contained', as the headline already suggests, from an American perspective.

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