Ex- Morgan Stanley Asia chairman says Donald Trump is misjudging China: 'they're not going to change their system'
President Donald Trump's efforts to alter relations between Chinese businesses and the government will fail, a veteran Wall Street economist warned, and recent U.S. escalations in the trade war are making an agreement less likely.
Last week, Trump declared a"national emergency" and signed an executive order prohibiting transactions involving information and communications technology posing"an unacceptable risk to the national security of the United States." President Donald Trump and Chinese Vice Premier Liu He talk to reporters in the Oval Office, at the White House, on April 4. Trump’s efforts to alter relations between Chinese businesses and the government will fail, a veteran Wall Street analyst warned. Chip Somodevilla/Getty Images
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