Re:China Begins to Question Whether It’s Ready for a Trade War
by temp-dude-87844 on Wednesday June 27, 2018 @12:19AM
(#17405720)
It's interesting to hear Chinese academics take a pragmatic, realist view of potential impacts. A prolonged trade spat with a US strongman is hardly a desirable outcome. But even if China's export-oriented industries will suffer due to trade protection measures brewing in the US, EU, and Canada, Trump's domestic focus will likely allow many of China's global ambitions to continue unabated: in Africa, in Central Asia, and possibly in Oceania.
This approach mirrors what the US and Soviet Union pursued during the cold war by winning favors through a mix of economic assistance and direct foreign investment. It's a parallel game whose fruits will pay off in the long term, when China reaches its post-industrial stage, and has to use its network of connections to ensure continued prosperity for its people.
This approach mirrors what the US and Soviet Union pursued during the cold war by winning favors through a mix of economic assistance and direct foreign investment. It's a parallel game whose fruits will pay off in the long term, when China reaches its post-industrial stage, and has to use its network of connections to ensure continued prosperity for its people.