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Financial Times: Cold US economic war against China will not work

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Financial Times: Cold US economic war against China will not work

Post by claud39 on Sat Jan 19, 2019 10:27 am

https://www.almaalomah.com/2019/01/19/384024/


Financial Times: Cold US economic war against China will not work


19/01/2019


















Information / Baghdad ..



The "Cold War tactics" used by US President Donald Trump will not work with China, the Financial Times reported on Saturday.
"The economic measures announced by Washington toward China are derived from the Cold War with the Soviet Union and the skirmishes with Japan in the 1980s," the newspaper said in a report published by the BBC. But China is neither the Soviet Union nor Japan. "
"The US trade measures toward China would, if not stopped in the near future, harm the global economy and the United States itself," she said, noting that "China is ahead of the United States in GDP and trade or progress in technology, such as the fifth generation For the mobile phone will compete in the beginning of 2020 civil aviation companies Boeing and Airbus. "
The paper predicted that "no country in the future will be able to control economic and other global leadership alone, and this applies to the United States and China as well, and China's economy will become greater than the economy of America thanks to the population," saying that "what the United States towards China is" Cold War ", it is pushing its security allies in NATO, Japan, Australia and others to stop buying advanced Chinese technology.
"In the 1980s, the United States sought to stop the rise of Japan's manufacturing sector by closing its markets to exports and imposing import duties and quotas, threatened with punitive measures if Japan devalued its currency. From the mid-1980s to the 1990s, Washington managed to push the yen higher. "Washington is playing the same game with China. If the value of the yuan has not diminished only slightly, since Trump took power. "
"In the American trade war hawks and doves. The hawks want to subjugate China completely, while the moderates are looking for certain concessions, such as intellectual property. "But it will not stop China's growth and the United States will not benefit much." Ending / 25

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