5/28/2024

Cheap and good would win the economic war

 China is serious about decoupling, otherwise it will not be retaliating since the start of Trump's trade war. Another Presidential term for Trump could see the complete decoupling agenda being implemented.

China had been preparing for decoupling long before Biden escalated the trade and sanctions war after taking over from Trump. It is just Biden doing a follow up of what is in the USA playbook. The monopolization of essential raw materials, the prioritization of semiconductor research and innovation, the move towards a bigger domestic consumer market demand for Chinese goods, the setting up of manufacturing bases in Global South countries like Vietnam, Bangladesh and other ASEAN states are all China's preparation for decoupling.

The economic war is not just inside the USA and EU market alone. The bigger market is in the Global South - in Africa, South America, Asia and ASEAN. This is a war that China will win hands down. This is a market that wants cheaper products made by China, not expensive toys made in the West. This will be the defining tone for who wins or lose the economic war.

Anonymouus

1 comment:

Anonymous said...

Cheap days are going to be over for USA and EU consumers. Congratulations for having what you wished for.