Ready or not? How China scrambled to counter the second Trump shock
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After Donald Trump's election in 2016, China faced a trade war that severely strained U.S.-China relations; in preparation for Trump's potential return, China is strengthening alliances and boosting tech self-reliance; experts suggest China will respond more cautiously this time, focusing on cooperation; Xi Jinping emphasized 'cooperation' over 'confrontation' in a recent message to Trump; China's economy is currently weaker, struggling for 5% growth compared to 6.7% in 2016; Trump has threatened to impose tariffs over 60% on Chinese imports, raising concerns for China's $400 billion annual exports to the U.S.; analysts predict China may need a larger stimulus package than the expected $1.4 trillion; China is actively engaging with global partners, resolving disputes with India and Japan, and strengthening ties with the Global South; during the first trade war, China shifted towards self-reliance in tech, increasing government procurement projects from 4 to 169; experts warn of a significant expansion of U.S. export controls under Trump, impacting China's tech sector.

#China #Trump #TradeWar #Economy #Tariffs #Technology #Diplomacy #GlobalSouth #Selfreliance #InternationalRelations

https://www.nst.com.my/business/economy/2024/11/1131530/ready-or-not-how-china-scrambled-counter-second-trump-shock