onsdag 22. mai 2019

China Faces New ‘Long March’ as Trade War Intensifies, Xi Jinping Says

President Xi Jinping of China has called for the Chinese people to begin a modern “long march,” invoking a time of hardship from the country’s history as it braces for a protracted trade war with the United States.

Mr. Xi’s call, made on Monday, referred to the Long March, a grueling 4,000-mile, one-year journey undertaken by Communist Party forces in 1934 as they fled the Nationalist army under Chiang Kai-shek. From there, they regrouped and eventually took control of China in 1949, making the Long March one of the party’s foundational legends.

The comments appear intended to stir the spirit of the Chinese people as the Trump administration continues to press China on trade. But they also seem to acknowledge that the Chinese public could face difficult times ahead. The tariffs come as Beijing tries to lift the economy out of a slowdown, and as a variety of unrelated factors raise the prices of basic food items like pork and fruit for the average Chinese shopper.