China not only does not retreat with the trade war announced by Donald Trump, but is preparing to respond to the US president’s duties. According to the BBC, it has five heavy “weapons”, one of which is disastrous if used. More specifically: 1. Economic strength and domestic consumption with a population of more than one billion and a strong productive base, China can absorb greater pressure than other economies. The government is trying to “unlock” the power of the domestic consumer, with subsidies and retirement incentives. In addition, its authoritarian system of power helps her bypass the pressures of public opinion. 2. Investments in technological domination China is no longer just the “factory of the world”. With huge investment in artificial intelligence, green energy, microchips and electric drive, it attempts to lead the new digital world. Beijing has recently announced a 10 -year investment plan of more than $ 1 trillion. dollars for innovation, while Chinese companies (such as BYD) already exceed US […]
Source: News Beast
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