New Approach

The United States is attempting a new method to tackle its widening trade imbalance with China. This is what Carlos Gutierrez’s latest China visit, on November 13-17, has signaled. This time round the U.S. secretary of commerce focused on “expansion of U.S. export opportunities,” instead of pressing Beijing to concede on issues such as textile trade, intellectual property and renminbi’s revaluation that dominated his previous three trips. The change in tactical direction coincides wit…