Introduction to special section on global trading system with the New American administration: China, United States and Europe

ABSTRACT In this Introduction to the Special IIssue on Global trading system with the New American Administration: China, United States and Europe, three excellent papers are presented. The first paper highlights the central and eastern European countries’ views on their relationships with China in the era of the pandemic. The second paper by Gao and Shaffer (forthcoming) presents a detailed legal discussion on the global value chains, including new development in intellectual property rights laws in China. The third paper by Wen (forthcoming) proposes that China should continue to participate in the global trading system and further reduce unnecessary government interventions in trade, investment and innovation. Finally, the Introduction highlights various important papers published by this Journal that are relevant to the theme. For example, Fung, Aminian, Fu and Tung (2018) and Fung, Amininian, Fu, Rhee and Tung (2020) are the first to introduce a formal, analytical digital firm model in the discussions of U.S.-China relations. Other outstanding papers include Lau (2019a), Cheng, hitten and Hua (2019), Garcia Herrero (2019) and Lin and Wang (forthcoming), all published in this Journal.