As Donald Trump's tariffs against China escalate into a trade war, a sense of nationalism is rising in China, with the government referencing historic figures like Mao Zedong. Despite this tough stance, the Chinese economy is showing signs of weakness, exacerbated by pandemic-related caution. Analysts argue that while China is diversifying its trade partners and trying to boost domestic consumption, concerns about a potential global recession from the trade war linger, particularly among traders in major markets like Yiwu. Ultimately, trade has been essential to U.S.-China relations, and its collapse may heighten the risk of broader conflict.
The Chinese foreign ministry has been sharing historic video clips from the former leader Mao Zedong: As to how long this war will last, we are not the ones to decide We'll fight until we completely triumph!
Though the Chinese government has been diversifying its trade partners since the US president's first term, a global recession that may emerge from a trade war is something that many in China are worried about.
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