In its trade war with America, China dials down the hype

JUST a week into what could prove a long and grinding trade war launched against China by the United States, a curious feature of the conflict has already emerged: China will not, for now at least, dip into its traditional armoury of rhetorical bluster and belligerence. That marks a break with usual Communist Party propaganda, and even with its rhetoric of a few weeks ago.

Then, the language was much more uncompromising. And as recently as June, according to the Wall Street Journal, in a meeting with a score of mainly American and European executives, President Xi Jinping promised a bare-knuckle approach in countering President Donald Trump’s punitive tariffs, the first of which, on $34bn of imported Chinese machinery and electronic parts, kicked in on July 6th. “In the West you have a notion that if somebody hits you on the left cheek, you turn the other cheek,” he reportedly said. “In our culture we punch back.”

In terms of trade responses, China is now…Continue reading

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