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China, Unsure of How to Handle Trump, Braces for ‘New Cold War’

  • Beijing sees hidden motive in trade war to thwart China’s rise
  • ‘Mr. Trump put a knife on our neck. We will never surrender’
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Alicia Garcia-Herrero, Natixis Asia Ltd. chief APAC economist, discusses U.S.-China trade tensions.(Source: Bloomberg)
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Perhaps nowhere outside America’s heartland is Donald Trump given more credit than in Beijing.

In government offices and think tanks, universities and state-run newsrooms, there is an urgent debate underway about what many here see as the hidden motive for Washington’s escalating trade war against President Xi Jinping’s government: A grand strategy, devised and led by Trump, to thwart China’s rise as a global power.