The Real Stakes of the USA China Trade Wars
The bizarre and escalating “trade war” being waged by Washington against the Chinese is not at all about balance of trade surpluses. The Chinese have apparently recently concluded this as well. It is about an all-out assault on China’s strategy to become an advanced, self-reliant economic leading economy, technologically on a par with the West, perhaps even more advanced. This is the basic content of the Xi Jinping Made in China:2025 national economic strategy.