Despite the aggressive protectionist measures of its largest economic rival, the United States, China recently crossed a trade-surplus milestone, surpassing $1 trillion for the first time. China’s future growth prospects appear strong if it continues on its path of diversification and productivity gains while strengthening trade alliances.

President Donald Trump said on Thursday the U.S. was decertifying ‌Bombardier ​Global Express business jets and threatened 50% import tariffs on all ‌aircraft made in Canada until the country's regula...