Since Donald Trump became president with his "America First" policy, companies all over the world have been worried about protectionism.
Top policymakers and business leaders have flocked to Davos again for the annual World Economic Forum in the Swiss Alps. The meeting is overshadowed by trade conflicts and a resurgence of economic nationalism.
Despite Washington's efforts, China's trade surplus with the US grew by more than 17 percent in 2018, according to data provided by Beijing. US exports to China grew by less than one percent last year.
Amid a trade war with the United States, Beijing has reported its slowest growth rate in nearly three decades. Experts say China will need to pass economic reforms to counter the problem.
DW spoke with economist Yukon Huang about common misconceptions over the US-China economic rivalry, and how both sides are only trying to save face while not addressing core problems that will take many years to solve.
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