China intends to crush the trade war. Beijing has retaliated against Donald Trump's tariffs — and the response was far stronger than expected.
China intends to crush the trade war
George Magnus is an associate at Oxford University's China Centre and the author of Red Flags: why Xi’s China is in Jeopardy.
The last thing the government in Beijing wants right now, given its fractious economy, is a full-blown trade war.
Oh yeah, it's China that's in trouble
What the fuck is a "fractious economy"
Dunno but I fail to see how it can be more fractious than an economy based on a stockmarket that is in free fall because of the tweets out of a mad ~80yr old king.
China has a Schroedinger's Economy. It is always in a superposition between imminent collapse and growing faster than the American economy, both being true simultaneously. The West actually believes both, and to make sense of the cognitive dissonance in their head, they call the economy "fractious"
China is so advanced their whole economy is in quantum superposition
That links to an article the same guy wrote a year and a half ago about the usual "muh Evergrande" stuff. So to answer your question, I don't know.
An economy way past its bedtime?
You can’t reason with the Chinese economy when it’s in this state, it’s over tired and doesn’t know what it wants.
The problem with sanctioning and tariffing everyone around you is that eventually, countries just ignore you all together and start trading with others.
We're speed running the Confederacy here. The Confederacy thought that King Cotton would save the South. They thought that if the British were cut off from their cotton supply, eventually they would be forced to intervene on the side of the South. Instead, the British eventually just found alternative suppliers in Egypt and India. (They weren't exactly angels here, this was still colonialism.)
Sanctions and tariffs can work if they are limited and targeted. Are there two or three countries that you truly feel are doing abominable things? Then cut them off from the trade system, and they will feel pressured to change their ways. If you embargo or tariff half the planet however, all those affected countries can still trade with each other. If you embargo or tariff too many countries, eventually you are embargoing yourself.
We don't have cotton though. We have the war machine
not for long. countries are starting to buy chinese there, too
They are collapsing!!!
