China Will Triumph in Trade War with the US: Chinese Think TankPosted: August 29, 2018
SCMP says in its report today titled “‘Time is on Beijing’s side’: China, not Trump, will triumph in trade war, former top Chinese officials say” that according to Wei Jiangguo a member of China Centre for International Economic Exchanges, a think tank affiliated with the Chinese government, China’s annual sales to Africa might exceed $500 billion in five years enough to replace US market so that China will win in the long run as China has been making long-term preparations for the trade war.
The report quotes Chen Wenling the think tank’s chief economist as saying, “[The trade war initiated by the US was intended] to contain China’s continuous development, to stop China’s socialist modernisation, to curtail China from rising to become a socialist modern power … and to thwart China’s plan of becoming a powerful country by the middle of this century,” Chen said.
“Once we realised that all you intend is to contain China … it’s clear we’ll never bow to you.”
They reflect the Chinese think tank’s view that China will never yield to US pressure and will be the final winner of the trade war.
Comment by Chan Kai Yee on SCMP’s report, full text of which can be viewed at https://www.scmp.com/news/china/economy/article/2161726/time-beijings-side-china-not-trump-will-triumph-trade-war-former