Chinese experts say new US trade alliances to contain China could backfire and Beijing should push ahead with reforms

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A push by the US to encircle China economically will likely “collapse in on itself” or ultimately backfire, Chinese experts say, as Washington steps up efforts to build a trade “coalition of democracies” with Europe and Japan to put Beijing under more pressure.

Although the US diplomatic offensive should be viewed seriously, experts say Beijing should accelerate domestic reforms, continue its push to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and double down on efforts to influence more global rule-making on trade.