SINGAPORE/BEIJING ¨C China is energetically defending its economic policy mix that favors advanced industries over consumption, adopting a posture analysts see as demonstrating increasing confidence ahead of looming trade talks with Europe and the United States.
Chinese leader Xi Jinping and U.S. President Donald Trump plan to have more face-to-face meetings this year, while Brussels has set an October deadline for Beijing to settle disputes as worries grow over China¡¯s trillion-dollar-plus trade surplus.
Western countries frame China¡¯s policies as mercantilist and opposing global trade ?rules, saying its priority for producers over households pushes cheaper goods into global markets, hollowing out industry in nations seeking more balanced growth.
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