China’s Economy Is Weaker Than You Think

“If you want to strike China on the cheek, China will strike you back.” So declared Victor Gao, a lawyer and vocal supporter of China’s ruling Communist Party, in a recent debate with former U.S. State Department official Elliott Abrams. The two were sparring on a Saudi news network, but Gao’s remarks were quoted approvingly in the China Daily, a paper owned by the CCP’s propaganda department. His toe-to-toe, blow-for-blow defiance was typical of the tone that China’s leadership adopted at the outset of their latest trade war with America. As Donald Trump ramped up tariffs on Chinese goods, ultimately reaching 145%, China implemented its own 125% tariffs and insisted that it was not interested in negotiation unless Trump retreated from his policy first.

 

Read Full Article »




Related Articles