China Faces Resilience Amid Escalating Trade War with U.s.
With China at the forefront of U.S. President Donald Trump's tariff agenda, domestic economists expect a combination of policy measures, supply chain adjustments, and strengthened global partnerships to cushion the world's second-largest economy as the trade war intensifies. Policy measures taken by China aim to mitigate the impact of the trade war, including increasing imports from countries outside the U.S. and broadening overseas investment cooperation. Strengthening relationships with Southeast Asian nations, the European Union, and other tariff-hit countries will also help China stabilize domestic demand.
- The resilience of China's economy amidst the escalating trade war with the U.S. highlights the complexities of global economic interdependence and the adaptability of emerging economies in responding to changing market conditions.
- How will the ongoing trade tensions between China and the U.S. impact the global financial architecture, particularly in the context of the International Monetary Fund (IMF) and its efforts to promote international cooperation on economic issues?