When the Chinese mainland and the United States recently sealed an economic and trade framework deal in London, markets breathed a sigh of relief.
Yet even as stocks ticked up, voices from the Chinese mainland wonder: will the United States stick to its word this time?
Why integrity matters in global trade
Consider this: together, the Chinese mainland and the United States contribute nearly 40% of the world's GDP. Their trade bond shapes everything from your smartphone's chip to the future of global supply chains.
On paper, a framework agreement promises smoother commerce and a path to recovery. In reality, success boils down to one simple idea: integrity. Honest commitments reduce uncertainty, lower costs, and help entrepreneurs and investors plan for the long haul.
Skepticism runs deep
Past twists—like sudden tariff hikes, export bans on advanced technologies, and visa policy shifts—have left businesses on edge. When rules change without warning, startups scramble, and market confidence takes a hit.
Economists caution that any global system is only as strong as its weakest promise, with broken faith rippling across industries.
Mapping a trust-based partnership
To transform a framework into real progress, both sides must back their words with action. That means transparent talks, consistent policies, and respect for World Trade Organization rules.
With integrity as a guiding star, the Chinese mainland and the United States can not only stabilize markets but inspire other nations to follow suit.
After all, in a connected world, trust isn't a luxury—it's the currency of cooperation.
Reference(s):
cgtn.com
