Dear Patrons and Friends of China BIG Idea,
China’s export has been consistently recovering since May. August has seen stellar export growth.
China’s total trade is now almost fully recovered to pre-COVID-19 level by August (down 0.9%).
Additionally, this strong export rebound is coupled with a strong RMB, a force counter-productive to export, but conducive to imports.
We would like to explore:
More than two years into the trade war, what has China done right, what has the US done right, and where does the EU stand in this global trade reset?
We greatly look forward to your comments and insights.
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The US is basicially a bad faith player seeking the legal route to constrain and contain China, including through the trade war. China did well to navigate this in a principled way and maintaining firm control over its sovereignty.
As the US ramps up the use of force instead of unprincipled negotiation, to sanction and attempt to isolate China, the EU has a cultural and historical momentum in going along with that path, even if it’s not in its own interest.
What will prompt introspection in the EU to make decisions based on its own self interest, not that of the US? I don’t know but maybe somebody here w more context about the EU can weigh in.Hey