Some people on Weibo, the Chinese equivalent of X, proposed that Musk could be the next U.S. ambassador to China. Advertisement“China has been preparing for a long time,” said Tong Zhao, a senior fellow at the Carnegie Endowment for International Peace in Washington, but another trade war would be hugely damaging. “Given China’s very difficult internal economic situation right now, a renewed trade war or more comprehensive efforts to decouple would pose a much more severe threat to China’s economic competitiveness,” Zhao said. AdvertisementAn insufficient stimulus package, coming on the heels of Trump’s reelection, will constitute “a very bad day” for China, she said. “China could hope to undermine American efforts to isolate China through a broader Western coalition,” he said.

Source: Stuff November 08, 2024 09:02 UTC