More like a simplistic one. Martin Feldstein, ex-Chairman of the Council of Economic Advisers under President Ronald Reagan, has one, summarized by the headline and subhead in his Wall Street Journal op-ed:
How to Make Trade Peace With China
A mutual promise to abide by the WTO’s intellectual property rules would solve much of the problem.
Feldstein is…naive. By his own acknowledgment later in his piece, the PRC routinely violates WTO rules–and international court rulings, lately seen by the PRC’s refusal to abide by a Hague ruling against them regarding the Spratly Islands. The PRC will promise to abide by the WTO’s intellectual property rules?
The PRC government’s word is worthless.