Can China Win in This Trade War Against America?
Can china win in this trade war against America specially after this pandemic that has paralyzed some of the world strong currencies?
Yes, owing to the fact that presently China has the most stable and vibrant economy and also the over reliance of many nations of world on China. It is just a matter of time.
I think China may win the trade war as consumers in the west like the cheap products that are made in China and at present with western economies suffering it will be easier for China to keep pumping out the cheap manufactured goods and we just pumping more money into the Chinese economy. The issue is that each economy used to produce most if their own products, after a while these products became more and more expensive and local manufacturers were unable to produce these products cheap enough to compete with China. We are the victims of our own affluence.
China has a lot to do in order to be number one super power due to the following reasons;
Chinese yuan is still pegged to the USD currency. This means if Chinese economy grows the USD currency becomes more strong and USA becomes more vibrant in terms of economy.USA can control the world with its dollar,all goods like coffee,tea,gold,oil and other products are priced with the dollar.the world reserve currency is the dollar with 62%,YUAN Is nowhere.I wish also to comment that China has the highest loan in world bank followed by India.
China has no strong economic,social,political alliances with strong powers of Germany,United Kingdom,France,Japan,.the closest friend of china is Russia.but currently Russia GDP is no longer among the top nine countries with highest GDP.
What we know here in Africa and especially Uganda china is good at making fake products and cheap ones which move very fast due to poverty levels in Africa.
USA has USAID United States Agency for International Development,this agency supports government institutions,non government organisations across the world ,china should also invest in different countries in order to win a war with USA
China have already won. When you see how much they really control behind the scene. Ask yourself the question how many products and services that the USA produce do China use and then how many do China produce that America use. Now turn off the supply each way – which country will suffer more? Plus if China need to boost their economy they will just drop COVID 20!!
There are a number of things that China can do and the US is unable to do. China can produce a multitude of goods cheaply and efficiently. The Americans on the other hand, don’t have the capacity to do that and it would probably be uneconomical for them.
They’ve realized this and are putting measures in place to counter China’s markets takeover. China has the upper hand at the moment …but for how long?
Yes, It can, if it increases it resources and strength.
Definitely China has the upper hand . Many countries economy very closely tied to Chinese economy. China can produce all kind of products at cheaper price and faster pace which now in demand for all emerging countries where the emerging countries cannot spend huge sum of money for better quality products.
No. The Chinese economy relies too much on the government. Their innovation also relies too much on other countries’ technology and intellectual property; see the Thousand Talent Plan of China. Unless they build their intellectual capital and establish an innovation-promoting environment, their economy would not endure trade war in the longer term.
China is facing big difficulty to win trade war against US. China has lots of advantages to win it but in terms of politics, US has the power as a democracy country US has her allies both in economy and political compared to the communist party of China.