China is not behaving like a nation facing the prospect of economic pain and President Xi Jinping has made it clear that Beijing will not back down. "For more than 70 years, China has always relied on self-reliance and hard work for development… it has never relied on anyone's gifts and is unafraid of any unreasonable suppression," he said this month.
onsdag 30. april 2025
Xi's real test is not Trump's trade war
If you say the name Donald Trump in the halls of wholesale markets and trade fairs in China, you'll hear a faint chuckle.The US president and his 145% tariffs have not instilled fear in many Chinese traders. Instead, they have inspired an army of online Chinese nationalists to create mocking memes in a series of viral videos and reels – some of which include an AI-generated President Trump, Vice-President JD Vance and tech mogul Elon Musk toiling on footwear and iPhone assembly lines.
China is not behaving like a nation facing the prospect of economic pain and President Xi Jinping has made it clear that Beijing will not back down. "For more than 70 years, China has always relied on self-reliance and hard work for development… it has never relied on anyone's gifts and is unafraid of any unreasonable suppression," he said this month.
China is not behaving like a nation facing the prospect of economic pain and President Xi Jinping has made it clear that Beijing will not back down. "For more than 70 years, China has always relied on self-reliance and hard work for development… it has never relied on anyone's gifts and is unafraid of any unreasonable suppression," he said this month.
