trade war: This is just a new variation of the China threat theory, which has long been used by some Western scholars to contain China, according to Global Times China. China's economic slowdown is a fact, but the nation is still the largest market for many well-known companies such as US automaker General Motors. This represents the popular view that a slowdown in the Chinese economy is a big threat to the world economy. The rise of China threat arguments around the world also can be taken as evidence that the Chinese market is now an important factor for transnational corporations and one that can determine their destiny. The trade war has accelerated the process as US tariffs push some labor-intensive manufacturers to relocate production to Southeast Asia. The Chinese economy is changing faster than expected amid the trade war with the US. The era of cheap labor in China is over, so the nation is striving to transform itself from being the world's factory to an advanced industrialized nation.
(news.financializer.com). As
reported in the news.
Tagged under trade war, chinese economy topics.