Source: China – South China Morning PostChina and the United States must come to terms on how to define “market distortion” and “industrial subsidies”, because the US also appears to have adopted such practices, according to outspoken former Chinese finance minister Lou Jiwei.The subsidy issue recently took centre stage in the ongoing series of disputes between the world’s two largest economies, as they reached a “stalemate” in trade talks after their phase-one trade deal expired at the end of last year.The massive amount of money…Read More