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Meglio believes the domestic objective is added with the economic and world governance objectives.

"Consequently, going after China, or any other country, without addressing the root cause of low saving is like squeezing one end of a water balloon: the water simply sloshes to the other end," he said. "In this context, protectionist policies pose a serious threat to America's already-daunting external funding requirements -- putting pressure on U.S. interest rates, the dollar's exchange rate, or both."

This is May's first official visit to China since she took office in 2016.

BEIJING, Feb. 22 (Xinhua) -- Senior leaders of the Communist Party of China (CPC) on Thursday stressed efforts to build Xiongan New Area into a "high-quality modern socialist city."

"Those who bring lawsuits by fabricating information and falsifying or hiding evidence should be punished," Jiang said. "Such behavior hurts the lawful rights and interests of other parties, disturbs litigation procedures and impairs judicial authority and credibility."