Economics

Trump Is Making Xi’s Superpower 2050 Plan Tougher by the Day

  • Chinese president wants to achieve great power status by 2050
  • Risk of falling into a ‘middle income trap’ is growing
Bob Baur of Principal Global Investors discusses how the trade war is affecting the world’s two largest economies.(Source: Bloomberg)
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Even before the trade war, Xi Jinping’s plan to turn China into one of the world’s most advanced economies by 2050 was ambitious.