China Faces Trump’s Return Just as Reliance on Exports Soars
- Rising protectionism in the West threatens key growth driver
- Beijing built up retaliatory tools to use in another trade war
Although direct Chinese exports to the US have shrunk a little in importance over the past four years, the world’s largest economy is still the most important source of final demand for China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China is facing a repeat of the tensions and uncertainty from the first presidency of Donald Trump, only with a weaker economy that’s even more reliant on exports than it was during the first trade war with the US.
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