Yu Xiang is an adjunct fellow at the Center for International Security and Strategy, Tsinghua University, a China Forum expert, and a senior research fellow at China Construction Bank.
To ensure long-term prosperity, China will concentrate on innovation, and further reforms and opening up, while working to ensure a stable global order. For the nearer term, Beijing plans to focus on stability with practical macro policies to solve current problems and anticipated challenges.
Despite pledges of support for open markets, the US president is pursuing the protectionist policies of his predecessor. Meanwhile, his promise to improve public welfare and worker well-being has yet to materialise.