President Xi has outlined a series of long-term economic policies for China at the Bo’ao Forum, some of which may deal with the short-term problem of trade relations with the U.S. These include the reinstatement of the State Intellectual Property Office as well as liberalizing overseas investment rules. The most tangible measure though is a cut in the 25% duties on automotive imports. The Chinese autos market is attractive from a growth perspective with a 10% rise in automotive imports in 2017 rising to 11% in the three months to February 28. President Xi’s proposal is both a carrot a...