The year 2018 will be a year for the Chinese to remember. It marks the 40th anniversary of China's reform and opening-up policy, a time to reflect on the experiences of and lessons from China's economic development. It is also the year in which China has faced the greatest challenge in the 40-year period of opening-up: it has been dragged into an involuntary trade war it is reluctant to fight with the US, its most important trading partner. What happened to China and US economic relationship that has undergone a real turmoil? What will be the longer-term impact of trade friction on the international trading system? What are the possible scenarios of China-US relations in the long term?
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