Reported about 13 hours ago
As Donald Trump approaches a potential return to the White House, China's economy, once thriving, now faces significant challenges. However, analysts suggest China's leadership is strategically preparing to navigate another trade confrontation, utilizing targeted measures such as diversifying trade and boosting domestic consumption. Despite a decline in exports to the U.S., China's global export share has increased, indicating a shift in focus. With Trump potentially implementing high tariffs, China aims to strengthen its domestic market while being cautious about direct retaliation, preferring more asymmetric responses against U.S. firms.
Source: YAHOO