China Communist Party Reconfirms Control of Economy, Former Assistant U.S. Trade Representative for China Affairs Claire Reade Tells CSIS
International Trade senior counsel Claire Reade was recently quoted in the Center for Strategic and International Studies (CSIS) article, "Third Plenum Hot Takes: Skepticism and Concern," where she weighed in on the Chinese Communist Party's (CCP) "Decision of the CCP Central Committee on Further Comprehensively Deepening Reform to Advance Chinese Modernization," which was revealed after the Third Plenum of the 20th Party Congress and summarizes the CCP's authoritative economic plans.
Reade, former Assistant U.S. Trade Representative for China Affairs and former Chief Counsel for China Trade Enforcement at the Office of the United States Trade Representative, expressed that the decision "contains disheartening contradictions, and, overall, reconfirms the top-down government-Party control of the economy."
"Trading partners need to continue to be savvy and proactive in taking steps to protect their economies against this massive, state-heavy economy, and companies need to look carefully at their own risk management," Reade cautioned.
