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Comment: Xi Jinping prepares China for a long, brutal trade war



BEIJING: As the trade dispute between China and the US escalates, classical Chinese films about the war against America and Aid Korea, as China's Korean War in the 1950s is known, reappear on Chinese state television.

This is one of the many signs in China that suggests that analysts now suspect a protracted trade dispute with Washington.

Chinese Communist President Xi Jinping is reluctant to accept the humiliating conditions demanded by Donald Trump to end the years-long trade dispute between the two countries, the world's leading economic and technology power, as Mao Zedong sent Chinese "volunteers" to four long, bloody years to take over US forces during the Korean War in the 1950s.

This and China are doing this, which is quite uncomfortable for a local audience. "One person informed about the talks in Beijing.

Like Mao's decision to enter the Korean Conflict, Mr. Xi's election at first glance seems a foolhardy one.

<img class = "picture__image lazyload" src = "data: image / gif; base64, R0lGODlhAQABAAAAACH5BAEKAAEALAAAAABAAEAAAICTAEAOw ==" alt = "A soldier unfurled the Chinese national flag while standing in front of the giant portrait of the chairman in Beijing's Heavenly Square Peace Is Taken October 15, 2007. (Photo: REUTERS / David Gray / Files)

Sixty years ago, Mao's poorly equipped troops in Korea faced a technologically superior American force, now China's economy Much more dependent on exports to the United States than exports to China.

After 30 years of nearly double-digit growth, the world's second-largest economy is entering a phase of decline, fueling growing concerns of the middle class and private entrepreneurs over the social Mobility and the emphasis on state-owned enterprises in Xi. In the meantime, accelerate is the US economy.

However, just as the Chinese forces ultimately fought the US by citing sheer numbers of troopers and far greater tolerance for mass losses against superior American firepower, Mr. Xi can make a successful decision, corporate-wide battle in the commercial dispute.

READ: Here's why the trade war between the US and China does not cool down so quickly, a commentary

CHINA'S NATIONAL TEAM & # 39;

Chinese officials believe In the next phase of the trade war, they have two key advantages over their US counterparts. The first are the control levers, of which Mr. Trump can only dream or tweet.

US institutions such as the Fed or the House of Representatives have resisted pressure from the US leader, but Mr. Xi only has to flick his fingers and China's government, legislators, media and the banking system will bid.

Mr. Trump, his finance minister and chief economist routinely try to "harass" the US stock markets. The Chinese Communist Party has a "national team" of state-owned brokers, banks and corporations to buy up China's markets as needed.

<img class = "picture__image lazyload" src = "data: image / gif; base64, R0lGODlhAQABAAAAA5ABEKAAEALAAAAABAAEAAAICTAEAOw ==" FILE ": US President Donald Trump attends a welcoming ceremony with Chinese President Donald Trump attends a Welcome Ceremony with Chinese President Xi Jinping at the Great Hall of the People in Beijing on November 9, 2017. (Photo: REUTERS / Damir Sagolj)

As the Shanghai Composite Index plunged nearly 6 percent to 2,906 points at the The day after the recent escalation of Mr. Trump's trade war, people told the Chinese government that the national team had been told the "line in the sand" was 2,900, and the next day the SCI recovered.

HISTORICAL SUFFERING

The second advantage of Mr. Xi is a long-felt sense of historical complaint against foreign powers that had previously "thrown" China bullying "and" humiliated "- as it should have the media mouthpieces of the party.

When the demands of the Trump government for opening talks were leaked last May, the indignation felt by many Chinese people was genuine.

READ: Huawei security concerns can not be separated from US-China relations, a commentary

Friedrich Wu, a professor at Nanyang Technological University in Singapore, sums up many people's feelings when he calls them "one List of Surrender "describes calls on China to submit. "

" It is a turn to the 19th century when Western and Japanese powers dictated all conditions in their humiliating unequal treaties with a weak Qing dynasty, "he says.

If there is a decoupling between the two economies, so be it. The Chinese people can endure more pain than the spoiled and arrogant Americans.

Meanwhile, Mr. Trump has to grapple with powerful constituencies – farmers, Wall Street, retailers, consumers and free media among others – who clamor about the cost of complaining about his tariffs on Chinese imports and doubts about the wisdom of his strategy.


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